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If the universe is closed, then its age will be
Homemade Leverage
A strategy where investors adjust the leverage or risk of their portfolio through borrowing or investing their own money, rather than relying on the company to do so.
Direct Bankruptcy Costs
These are the costs associated directly with the bankruptcy process, including legal fees, accounting fees, and other administrative expenses for processing a bankruptcy filing.
Legal and Administrative Expenses
Costs associated with the legal operation of a business and general administrative tasks, including legal fees, licensing, and managerial salaries.
Bankruptcy
is a legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.
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