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What is the major drawback to debt financing?
Association
A group of people organized for a joint purpose or to carry out a common goal.
Co-owners
Individuals or entities that jointly own a property or business, sharing rights, responsibilities, and profits.
Liquidation
The process of converting assets into cash or other forms of payment to settle debts or obligations of a business.
Partnership
A formal business structure where multiple individuals are involved in managing the enterprise and also share the profits.
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