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liability

Finance: A claim against the assets, or legal obligations of a person or organization, arising out of past or current transactions or actions. Liabilities require mandatory transfer of assets, or provision of services, at specified dates or in determinable future.
Accounting: Accounts and wages payable, accrued rent ... more

Precision vs. Accuracy

From a business writing perspective, precision vs. accuracy are probably two of the most commonly misused terms out there. While they seem similar to most, their meaning is very different and using ... Read Full Article

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The Difference Between a Recession and a Depression

by Harry S. Truman

Recession is when your neighbor loses his job; depression is when you lose yours. ...Read more

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