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Capital Balances
The amounts of money that the owners of a company have contributed to it or have accumulated over time.
Unlimited Liability
A legal structure in business where the owners are personally responsible for all the debts and liabilities of the business.
Mutual Agency
A principle in partnerships where each partner has the authority to bind the partnership to contracts within the scope of the business's operations.
Limited Life
A term that refers to the finite existence of a business entity or an asset's useful life.
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