Professional Documents
Culture Documents
In such cases, the government sends a proposal to the President or Governor, and if they
approve of it, it becomes an Ordinance. Legally, an ordinance is the equivalent of an
Act; but is not passed by the government
Free cash flow is a way of looking at a business's cash flow to see what is available for
distribution among all the securities holders of a corporate entity.
Free cash flow (FCF) is a measure of how much cash a business generates after
accounting for capital expenditures such as buildings or equipment. This cash can be used
for expansion, dividends, reducing debt, or other purposes.