Examlex
Decide whether the relation defines a function.
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Specific Liability
A liability that is clearly identified and quantifiable, often related to particular activities or obligations.
Secured
Refers to a loan or obligation that is backed by collateral, reducing the risk associated with lending.
Unsecured
Refers to loans or debts that are not backed by collateral, presenting a higher risk to lenders.
Fresh Start
A bankruptcy procedure that allows a debtor to eliminate debts and start over financially, often involving reorganization plans for businesses or individuals.
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