Examlex
Which of the following terms might be used to describe best mental shortcuts?
General Partnership
A business arrangement where two or more individuals agree to share in all assets, profits, and financial and legal liabilities of a jointly-owned business.
Corporation
A legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. Corporations can enter contracts, sue and be sued, and pay taxes apart from their owners.
Secondary Market
The marketplace where investors buy and sell securities they already own, as opposed to the primary market where securities are first issued.
Private Placement
The sale of securities directly to institutional investors or individuals, bypassing the public markets.
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