Current Asset

The current asset, also called a current or liquid asset, is the asset of a company that can become liquid  (become money) in less than twelve months.  For example, bank money, stocks, and …

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Extractive activity

An extractive activity is one that consists of obtaining natural resources located in the soil, subsoil or marine or continental waters. The collected products are then commercialized, without going through a transformation process. …

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Preferred Creditor

The preferred or privileged creditor is one who has a greater right of collection. This, in case the debtor suspends payments or announces bankruptcy and begins a procedure of liquidation of its assets . Having the preferred category is very …

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