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Bankruptcy
A legal status of a person or entity that cannot repay the debts it owes to creditors, often leading to a legal process for debt relief.
Shelter Principle
The principle that when an item is transferred, the transferee acquires all the rights the transferor had to the item.
Marketability
The ease with which a product or service can be sold in the market due to its demand, utility, and competitive pricing.
Instruments
Legal or formal documents such as contracts, wills, or deeds that establish rights, duties, or agreements.
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