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Many stepparent-stepchild relationships over time.
Financial Distress Costs
Costs associated with a company's financial trouble leading to bankruptcy or restructuring, including legal fees, loss of goodwill, and disruption of operations.
Corporate Default
The failure of a company to fulfill its financial obligations, such as missing a debt payment or failing to repay a loan as agreed.
Explicit Costs
Direct, out-of-pocket expenses incurred in conducting business, such as wages, rent, and materials.
Restructuring
The process of reorganizing a company's structure, finances, or operations to improve efficiency or to adapt to new market conditions.
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