Waiver
A waiver is the formal relinquishment of a right, claim, or contractual provision, often related to loan covenants or penalties. In accounting, when a lender grants a waiver for breached terms, liabilities may remain classified as non-current instead of current. Proper disclosure is essential to reflect financial position accurately.
More Items
Windfall Gain
A windfall gain is an unexpected and non-recurring profit, often arising from asset sales, legal settlements, or favourable regulatory changes.…
White Knight
A white knight is an investor or company that acquires a target firm to prevent a hostile takeover. From an…
Wartered Stock
Watered stock refers to shares issued at a value significantly higher than the fair value of the company’s net assets.…
This website uses cookies to improve your experience. You can accept all or reject non-essential cookies.