Mmastodon BusinessPersonal Finance first seen 16 h ago, last 2 min ago, peak #2

The Goalpost Rule: asset or liability is fixed at signing

Original: Before you sign the next one — Know Rule iv. The Goalpost Rule. Classification is fixed at origination. Asset stays Asse

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.

Why now: People are sharing contract literacy advice urging careful reading of terms before signing financial agreements.

6CircleSociety

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Evidence

• Before you sign the next one — Know Rule iv. The Goalpost Rule. Classification is fixed at origination. Asset stays Asset. Liability stays Liability. The goalpost doesn't move after you sign. Read the rules before the pen. RM144 Read it yourself:… · 6CircleSociety · 2

API: https://socialmediatrends-api.osmike.com/v1/trends/370035