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A key indicator of intense rivalry among firms is low cost competitive actions and reactions.
Right of Recovery
The legal ability to reclaim goods or compensation under the terms of an agreement or through legal proceedings.
Trustee
A person licensed to receive and dispose of the assets of a bankrupt, then distribute the proceeds to the creditors.
Beneficiary
An individual or entity entitled to receive benefits or assets from a trust, will, or life insurance policy.
Statutory Assignment
The transfer of rights or interests in a particular matter as authorized and regulated by statute.
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