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How did the Red Scare emerge? How did it impact American politics and society?
Binding
Serving to impose legal obligations or confer legal rights, and thus enforceable by law, such as a binding contract.
Doctrine of Subordination
A principle in law that allows a lower priority claim on assets or income to be elevated above others, often used in debt agreements.
Unsecured Creditors
Creditors who have provided loans or credit without taking collateral. If the borrower defaults, they have no special claim to any specific asset of the borrower.
Debts Paid
The act of fulfilling obligations by paying off owed money.
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