FINANCIAL GUARANTEE INSURANCE Definition

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FINANCIAL GUARANTEE INSURANCE is insurance created to cover losses from specified financial transactions.

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EXPENDITURE is a cost incurred in the normal course of business to generate revenues. See expenses.

GOING CONCERN VALUE is the value of a business enterprise that is expected to continue to operate into the future. The intangible elements of Going Concern Value result from factors such as having a trained work force, an operational plant, and the necessary licenses, systems, and procedures in place.

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