Examlex
Match the following types of validity with their corresponding definition:
-Criterion-related Validity
Capital Amount
The total value of all assets of a company or individual, before deductions, including cash and assets that can be used to produce income.
Priority Of Payment
The order in which debts or claims from creditors are paid in the event of liquidation.
Deferred Creditors
Creditors that hold certain debts that are payable to the contributories of the company ahead of repayments of capital to those contributories.
Ordinary Unsecured Creditors
Creditors whose debts have no preferential treatment under the Corporations Act and are the last to be paid before funds are returned to contributories.
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