UNRESTRICTED ASSETS Definition

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UNRESTRICTED ASSETS are assets / resources which are not restricted for use by legal or contractual requirements and may be used for any purpose.

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

BUDGET CONTROL is actions carried out according to a budget plan. Through the use of a budget as a standard, an organization ensures that managers are implementing its plans and objectives. Their actual performance is measured against budgeted performance.

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