Examlex
The two principal means by which firms achieve synergy through market power are pooled negotiating power and corporate parenting.
Maker
The individual or entity that creates or signs a negotiable instrument, committing themselves to pay a specified amount of money to the payee or holder.
Primarily Liable
The primary obligation or responsibility to fulfill a debt or legal duty before others are considered liable.
Indorsers
Individuals who sign a negotiable instrument, other than as its maker, drawer, or acceptor, thereby assuming liability to future holders.
Insolvency Proceedings
Legal procedures undertaken when an individual or company is unable to meet its financial debts, aiming to distribute the debtor's assets among creditors and relieve the debtor of further liability.
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