COMPANY LIMITED BY GUARANTEE Definition

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COMPANY LIMITED BY GUARANTEE is where the liabilities of the members will be restricted to the amount each agrees to contribute to the assets of the company in the event of dissolution or liquidation.

Learn new Accounting Terms

CRAR see CAPITAL TO RISK ASSET RATIO.

SETTLEMENT DISCOUNT is the discount percentage offered for payment within the settlement period. Many vendors offer settlement discounts for early payment of invoiced amounts.

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