Illinois Compiled Statutes 40 ILCS 5/5-117 – Assets
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Terms Used In Illinois Compiled Statutes 40 ILCS 5/5-117
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
“Assets”: The total value of cash, securities, and other property less all liabilities. Bonds shall be valued at their amortized book value.