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Depreciation
Consumer Protection Act
Legislation designed to safeguard the rights and interests of consumers by ensuring fair trade, accurate information, and the right to privacy.
Liquidation
Liquidation is the process of bringing a business to an end and distributing its assets to claimants, often occurring when a company is insolvent.
Trustee
In a legal context, a trustee is responsible for managing the assets placed within a trust, ensuring the trust's terms are followed for the benefit of the beneficiaries.
Debtor
An individual or entity that owes money to another; a borrower in a financial transaction.
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