With respect to a financial asset, it is a situation that results from failure of a counterparty (e.g., an issuer,...

One of the methods of creative accounting that constitutes a host of procedures taken by an entity's management to substantially...

One of the methods of creative accounting that constitutes a host of procedures taken by an entity's management to substantially...

A liability whose timing and/ or amount are uncertain (whether arising from a legal or constructive obligation). It is an...

A clause in a law, contract, agreement, etc, that limits or reverses a payment or profit distribution for particular reasons....