Loss Contingency
Loss contingency is a potential financial loss that depends on the outcome of a future event, such as a lawsuit or regulatory penalty. If probable and reasonably estimable, it is recorded as a provision. Otherwise, it is disclosed in notes to maintain transparency.
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Lease Term
Lease term refers to the duration over which a lease agreement is in effect, including non-cancellable periods and optional extensions…
Liquidation Value
Liquidation value is the estimated amount that could be realised if a company’s assets were sold quickly, typically under distressed…
Line of Credit
A line of credit is a flexible financing arrangement that allows businesses to borrow funds up to a predetermined limit…
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