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Asset protection (sometimes also referred to as debtor-creditor law) is a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil money judgments. The goal of asset protection planning is to insulate assets from claims of creditors without perjury or tax ...
Retail loss prevention (also known as retail asset protection) is a set of practices employed by retail companies to preserve profit. [1] Loss prevention is mainly found within the retail sector but also can be found within other business environments. Retail loss prevention is geared towards the elimination of preventable loss. [2]
In asset protection arrangements, ring-fencing can be employed through segregating specific assets and liabilities into separate companies of a corporate group. [ 1 ] [ 2 ] It can also be used as a method for mitigating liquidation risk or to improve a corporate credit rating .
Asset protection trusts are common for people working in risky career fields. Doctors, for example, might use one to protect their assets if someone sues them for malpractice. Some people will use ...
This accounting definition of assets includes items that are not owned by an enterprise, for example a leased building (Finance lease), but excludes employees because, while they have the capacity to generate economic benefits, an employer cannot control an employee. In economics, an asset (economics) is any form in which wealth can be held.
For example, a privately held software company may have net assets (consisting primarily of miscellaneous equipment and/or property, and assuming no debt) valued at $1 million, but the company's overall value (including customers and intellectual capital) is valued at $10 million. Anybody buying that company would book $10 million in total ...
Stranded assets are "assets that have suffered from unanticipated or premature write-downs, devaluations or conversion to liabilities". [1] Stranded assets can be caused by a variety of factors and are a phenomenon inherent in the 'creative destruction' of economic growth, transformation and innovation; as such they pose risks to individuals and firms and may have systemic implications. [2]
If you have a family - especially if you have children - life insurance can be a very important part of building a financial plan. A life insurance policy costs a bit now, but in exchange you get ...
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