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Business Debts
Financial obligations that a business owes to creditors, which can include loans, bonds, and other forms of borrowing.
Liability
A legal obligation or responsibility that can be enforced by law, typically involving debts or financial obligations.
General Partnership
A business structure where two or more individuals share ownership, profits, and liabilities of the business.
Limited Partnership
A business partnership where at least one partner (the limited partner) has limited liability to the partnership's debts, and at least one other has unlimited liability (the general partner).
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