Examlex
A special purpose vehicle is:
Primarily Liable
Primarily liable refers to the party that is first and foremost responsible for fulfilling an obligation or compensating for a liability.
Secondarily Liable
Secondarily liable refers to a party's obligation to pay a debt or perform a duty if the primary party responsible fails to do so.
Reacquired
Refers to buying back previously sold or issued shares of a company's own stock or previously owned assets.
Discharged from Liability
The legal release of an individual or entity from any further responsibility for a debt or obligation.
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