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Smith argued that all nations would benefit from unregulated, free trade
Chapter 7
A provision of the U.S. Bankruptcy Code that deals with liquidation, where a debtor's non-exempt assets are sold to pay creditors.
Liquidation
The process of closing a business and distributing its assets to claimants, often during bankruptcy.
Voluntary
Done, given, or acting of one's own free will without coercion or obligation.
Attachment
The point at which a creditor becomes the secured party that has a security interest in the collateral.
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