Examlex
What is transaction isolation and why it is important?
Unsecured Creditors
Unsecured creditors are entities or individuals to whom money is owed but who have no collateral, security, or lien on any assets of the borrower.
Total Assets
The sum of all assets a company owns, as stated on the balance sheet, including current, fixed, intangible, and other types of assets.
Statement Of Realization And Liquidation
A financial statement prepared during the liquidation process, outlining the process of converting assets into cash and settling debts.
Unsecured Non-priority Creditor
A creditor who does not have a claim on specific collateral and ranks below secured and priority creditors for repayment in case of debtor's bankruptcy.
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