RM144

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The Goalpost Rule: asset or liability is fixed at signing●Before you sign the next one — Know Rule iv. The Goalpost Rule. Classification is fixed at origination. Asset stays AsseMmastodon Business Personal Finance220 min ago
A personal finance reminder is circulating online: under the so-called Rule iv, or Goalpost Rule, an asset's classification is fixed at origination — an asset stays an asset and a liability stays a liability, and the terms cannot be changed after signing. Readers are urged to review contract rules carefully before putting pen to paper, with references to rule RM144.