NAKFA Definition

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NAKFA is a currency of Eritrea.

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CONTINGENCY is an existing condition involving uncertainty as to possible gain (gain contingency) or loss (loss contingency) that will be resolved by future events. Estimates, such as the useful life of an asset, are not contingencies. Eventual expiration of the asset's utility is not uncertain.

GUARANTOR, in finance, is a person that promises to pay back a loan if the original borrower does not make payment.

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