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What is a representative democracy?
Estate Assets
These are assets owned by a deceased person's estate, including real estate, bank accounts, stock, and personal property.
Claims
Financial demands or rights to payment held by creditors, policyholders, or other entities arising from contracts, law, or legal action.
Administering
The act of managing or supervising the operations and policies of an organization.
Provisions
Liabilities of uncertain timing or amount, set aside in the accounting process to cover potential future losses or expenses.
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