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GLOSSARY OF COLLECTION LAW TERMINOLOGY The purpose of this glossary is to assist community association board members and property managers in better understanding legal terms and procedures that are
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What is law terms?
Law terms are legal documents that must be filed by individuals or organizations to report their financial information to the appropriate governing bodies.
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Individuals or organizations that meet certain criteria set by the governing body are required to file law terms.
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What is the purpose of law terms?
The purpose of law terms is to ensure transparency and accountability in financial reporting by individuals or organizations.
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Law terms typically require information such as income, expenses, assets, liabilities, and other financial details.
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