Examlex
What is the major difference between TEM and SEM?
OTC
Over-the-counter; referring to securities traded in some context other than on a formal exchange.
Proprietorship
A business entity owned and operated by a single individual, with no distinction between the business and the owner.
Personal Liability
The responsibility of individuals to repay debt or fulfill obligations from their own assets, distinct from corporate or shared liabilities.
Limited Liability
A legal structure where a company's owners are protected from personal responsibility for its debts or liabilities beyond their investment in the company.
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