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Unsecured Creditors
Creditors who have lent money without taking collateral, meaning they have no special claim on a debtor’s assets if the debtor fails to pay.
Total Assets
The sum of all resources owned by a company, valued at the time of the balance sheet creation.
Priority
The order of importance or urgency, or the order in which claims against a company will be satisfied in the event of liquidation.
Financial Affairs
All matters related to the management, investment, and handling of money and monetary instruments of an individual or organization.
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