FINANCIAL POSITION Definition

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FINANCIAL POSITION is the status of a firms or individuals assets, liabilities, and equity positions as reflected on its financial statement.

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DBA (doing business as) is a legal entity (sole proprietorship, partnership, corporation) conducting business under any chosen name for which a business license has been issued.

REPOSSESSION is the action of regaining possession, e.g. the seizure of collateral securing a loan that is in default.

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