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In 1492, the Native American population
Bankruptcy
A legal proceeding involving a person or business that is unable to repay their outstanding debts, leading to the disposition of assets to pay creditors.
Primary Liability
The obligation to pay a debt or fulfill a contractual obligation first, before any secondary parties are called upon.
Indorsers
Individuals who sign their names on the back of negotiable instruments, like checks or promissory notes, transferring their rights to another party.
Accommodation Maker
A person who signs a loan instrument to help someone obtain credit but who has no direct benefit from the loan.
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