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Taxed
Refers to the imposition of financial charges or levies on an individual or entity by a governmental organization in order to fund various public expenditures.
Bankruptcy
A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.
Solvent
The state of having assets in excess of liabilities, enabling a company or individual to meet its financial obligations.
Nonprofit Corporations
Organizations that operate for charitable, educational, cultural, or public service purposes rather than for profit, often enjoying tax-exempt status.
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