EX-WORKS Definition

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EX-WORKS see EX-FACTORY.

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SECURED LIABILITY is a liability that has a degree of protection towards satisfaction if unpaid because the debtor has pledged personal/company assets towards satisfaction of that liability; e.g., a property mortgage is a secured liability because the mortgage holder has a guarantee through a lien on the property.

OWN WORK CAPITALIZED represents the value of work performed for own purposes and capitalized as part of fixed assets.

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