NEW DEBTOR Definition

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NEW DEBTOR is an entity that becomes bound as debtor by a security agreement previously entered into by another entity.

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VIABILITY, in economics, is the capability of developing and surviving as a relatively independent social, economic or political unit.

MISSTATEMENT is a difference between the amount, classification, presentation, or disclosure of a reported financial statement item and the amount, classification, presentation, or disclosure that is required for the item to be in accordance with the applicable financial reporting framework.

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