Examlex
Some analysts argue that the major distinctions in regional economics are now between
Obligations
A legal or financial duty that an entity is required to fulfill, such as debt repayment or service delivery.
Liabilities With Priority
Obligations of a business that are given precedence over other debts, especially in the context of bankruptcy or liquidation proceedings.
Order Of Relief
A court order that provides a debtor protection from creditors under bankruptcy proceedings.
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