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UNDESIGNATED NET ASSETS
Unrestricted net assets less board-designated assets and net investments in plant and equipment. This balance represents net assets generally available to meet operating needs.
UNDESIGNATED UNRESTRICTED NET ASSETS
The estimated amount of unrestricted net assets NOT invested in P&E or board-designated reserves. Essentially this is the liquid amount of unrestricted net assets available to support operations.
UNRESTRICTED NET ASSETS
Funds that have no external restriction as to use or purpose.
A loan obligation that is not backed by the pledge of specific collateral.
Strict accounting definition is current assets less current liabilities. But it is often used to describe the amount of liquidity an organization has at its disposal; i.e. how much cash and near cash