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Winding-Up Process
The formal procedure of liquidating a company's assets, settling liabilities, and distributing any remaining assets to shareholders or creditors.
Capital Account
An account on a nation's balance of payments that records transactions involving the purchase and sale of assets, such as property and stocks.
Partners' Equity
The portion of equity in a partnership that belongs to each partner, reflecting their capital contributions, withdrawals, and share of earnings or losses.
Equity
The value of an owner's interest in a property or business, calculated as the difference between the assets and the liabilities.
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