Examlex
Match the word or phrase with its meaning.
-Simile
Bankruptcy Petition
A formal request filed in court by an entity or individual seeking relief from their debts under the laws of bankruptcy.
Unsecured Liabilities
Obligations or debts of a company that are not backed by collateral, making them riskier for lenders.
Priority
The established precedence or importance assigned to a task, project, or obligation, influencing the order or sequence of actions.
Salaries Payable
This is a liability account that records the amount owed to employees for work performed that has not yet been paid.
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