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RM144
Trends
- 1Know the Goalpost Rule before signing any loan agreement●Before you sign the next one — Know Rule iv. The Goalpost Rule. Classification is fixed at origination. Asset stays Asse
A personal finance tip is circulating warning borrowers about 'the Goalpost Rule': once a financial contract is signed, the classification of an item as an asset or a liability is fixed at origination and cannot be changed afterwards. The advice urges people to read the full terms carefully before putting pen to paper, as cited in rule RM144.