UNAPPROPRIATED PROFITS Definition

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UNAPPROPRIATED PROFITS are those profits that have been withdrawn from a business by its proprietors or appropriated for any other purpose.

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MORTGAGE is a conditional conveyance of property as security for the repayment of a loan.

CAVEAT, generally, is a warning against certain acts; in law, is a formal notice filed with a court or officer to suspend a proceeding until filer is given a hearing.

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