Examlex
The Ten Percent Society is an organization that is comprised of Muslim women.
Net Realizable Value
The estimated selling price in the ordinary course of business minus estimated costs of completion and applicable selling expenses.
Unsecured Non-priority Creditor
This type of creditor has a claim against the debtor that is not backed by collateral and does not have priority in bankruptcy proceedings.
Chapter 7 Liquidation
A process under the U.S. bankruptcy laws where a bankrupt company's assets are sold off to pay creditors.
Accounts Receivable
Money owed to a business by its customers for goods or services that have been delivered or used but not yet paid for.
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