Examlex
Transferring one employee to an overseas assignment with a base salary of about $100,000 may cost the employer $1 million once extra living costs, transportation, and family benefits are included.
Exempt Property
Property that a debtor is allowed to retain, free from the claims of creditors seeking to repossess or sell the property for debt recovery.
Chapter 7 Bankruptcy
A liquidation form of bankruptcy available to individuals and businesses, resulting in the sale of non-exempt assets to pay creditors and discharge most debts.
Equity
The fair and impartial treatment in justice or the value of ownership interest in a property after debts are subtracted.
Means Test
A method for determining eligibility for certain types of financial assistance based on the individual's income and assets.
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