Bank Loan
A bank loan is a sum of money borrowed from a financial institution, which is to be repaid with interest over time. It can be secured (backed by assets) or unsecured (based on creditworthiness). Bank loans are common financing tools for businesses to fund operations or expansion.
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Bookkeeping System
A bookkeeping system is a method or software used to record financial transactions, track income and expenses, and maintain accurate…
Business Model
A business model refers to how a company creates, delivers, and captures value. It defines the company's strategy for generating…
Breach of Contract
A breach of contract occurs when one party fails to fulfill the terms outlined in a legally binding agreement. In…
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