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Fiduciary Duty
A legal obligation of one party to act solely in the best interest of another party, such as a trustee for a beneficiary.
Partnership's Profits
Partnership's profits refer to the share of income generated by a business partnership that is distributed among its partners according to the terms of their agreement.
Personal Income Tax
A tax levied on the income of individuals, which varies according to the income level and financial situation of the taxpayer.
Withdrawing
The act of removing or pulling back from a commitment, activity, bank account, or legal proceeding.
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