Examlex
Explain how generators and alternators work, and the similarities and differences between them.
Old Partner
A former member of a partnership who has ceased to be part of the entity, often due to retirement or agreement termination.
Partnership Cash
Funds held and utilized within a partnership, which are contributed by and available to the partners according to the partnership agreement.
Liability
A financial obligation or debt that a company owes, which must be settled over time through the transfer of economic benefits including money, goods, or services.
Withdrawing Partner
An individual partner who exits a partnership, thereby receiving their share of the partnership's assets after settling any liabilities.
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