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An actual or potential financial obligation is called a liability. Liabilities represent debts or obligations that a company or individual owes to others, which can include loans, Accounts Payable, and other financial commitments. They are recorded on the balance sheet and are essential for assessing financial health and stability.
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What is the legally bound obligation to pay debts called?
The legal obligation of a business to pay a debt is called an:
What is the person who owes a creditor called?
The person who owes a creditor is called a "debtor." This term refers to any individual or entity that has an obligation to repay borrowed money or fulfill a financial commitment. In a legal context, this relationship is often governed by contracts or agreements that outline the terms of the debt.
What is a chance of losing money called?
The chance of losing money is commonly referred to as "risk." In finance and investing, risk represents the potential for an investment to decrease in value or for a financial decision to result in a loss. Higher risk often correlates with the potential for higher returns, but it also increases the likelihood of financial loss.
What is a request for payment called?
A request for payment is commonly referred to as an "invoice." An invoice outlines the goods or services provided, the amount due, and the payment terms. It serves as a formal document that prompts the recipient to settle their financial obligation. In some contexts, it may also be called a "billing statement" or "payment request."
Financial papers included with your business plan before your company is open for business are called?
Financial papers included with your business plan before your company is open for business are called pro forma financial statements. These typically include projected income statements, cash flow statements, and balance sheets, which outline expected revenues, expenses, and financial position over a specific period. They help potential investors and stakeholders assess the viability and profitability of the business.
What is the legally bound obligation to pay debts called?
The legal obligation of a business to pay a debt is called an:
What is the party called responsible for payment an obligation?
The debtor is the party responsible for payment obligation on an account.
What is a person who owes money to another person called?
A person who owes money to another person is called a debtor. This term refers to anyone who has borrowed money or is obligated to repay a financial obligation. In contrast, the person or entity to whom the money is owed is called a creditor.
What is the option to sell shares of stock at a specific time in the future called?
The option to sell shares of stock at a specific time in the future is called a "put option." A put option gives the holder the right, but not the obligation, to sell a specified number of shares at a predetermined price, known as the strike price, before or at the option's expiration date. This financial instrument is often used by investors to hedge against potential declines in stock prices.
What is the lawful obligation to defend the Islamic faith called?
Jihaad
What is the person who owes a creditor called?
The person who owes a creditor is called a "debtor." This term refers to any individual or entity that has an obligation to repay borrowed money or fulfill a financial commitment. In a legal context, this relationship is often governed by contracts or agreements that outline the terms of the debt.
What is it called when you are sharing financial consequences associated with risk in the industry called?
Sharing financial consequences associated with risk in the industry is called risk sharing. It is a practice where multiple parties agree to distribute or transfer the potential financial losses or gains resulting from a specific risk. This can be done through various methods, such as insurance, partnerships, or contracts.
What is a chance of losing money called?
The chance of losing money is commonly referred to as "risk." In finance and investing, risk represents the potential for an investment to decrease in value or for a financial decision to result in a loss. Higher risk often correlates with the potential for higher returns, but it also increases the likelihood of financial loss.
In a society a structure of relationship obligation role and function is called?
institution
What is it called when the day a bond or other obligation is due to be paid?
The day a bond or other obligation is due to be paid is called the maturity date. This is the date on which the issuer of the bond is obligated to repay the principal amount to the bondholder.
What was the first actual Thanksgiving called?
The first actual thanksgiving was called the "First Thanksgiving". :-]
Does not pay it's called what?
When something does not pay, it is often referred to as being "unprofitable" or "non-remunerative." In a broader context, if someone fails to fulfill a financial obligation, it may be described as "defaulting." Additionally, in the context of investments, it could be termed "unrewarding" or "unfruitful."
