Examlex
The education a student gets is an example of the intangibility of services.
Bankruptcy Proceedings
The legal process through which individuals or businesses unable to meet their financial obligations seek relief from their debts.
Payment Plan
A payment plan is an agreement to pay off an owed amount over a designated period, through specified number of installments.
Order Of Relief
A court order that provides a debtor protection from creditors under bankruptcy proceedings, initiating the automatic stay.
Preferential Payment
A payment made by an insolvent debtor that gives preferential treatment to one creditor over another.
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