LIBOR Definition

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LIBOR see LONDON INTERBANK OFFERED RATE.

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TECHNICALLY BANKRUPT means that the company has, at least temporarily, run out of cash to pay its bills and is, at the moment, bankrupt. However, it may recover by raising capital, collecting monies owed to it, or selling off various assets. When a company does not do this on its own, its creditors may, through the courts, put a company officially or legally into bankruptcy.

EARNED INCOME is that income realized by the provisioning of goods and services.

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