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Explain Sampson and Laub's turning points. How do turning points affect the life course? What turning points have the most impact on individuals' desistance from crime?
Allowance
An amount set aside as a reduction or probable future expenses or losses, such as an allowance for doubtful accounts.
Equipment
Tangible assets used in the operation of a business, such as machinery, tools, and vehicles, not intended for sale.
Partnership
A legitimate business partnership that involves several people who collaboratively oversee the operation and profit sharing.
Liquidation
The process of closing a business and distributing its assets to claimants, typically when the company is insolvent.
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