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Match Each of the Following Terms with Its Corresponding Definition

question 36

Multiple Choice

Match each of the following terms with its corresponding definition.
-A collection of entities that share common properties or characteristics.


Definitions:

Liquidations

The process of winding up a company's financial affairs by selling off assets to pay creditors and distribute any remaining assets to shareholders.

Calls in Advance

Funds received by a company from its shareholders before they are actually called for, typically for the issue of shares.

Voluntary Winding Up

The process initiated by a company's shareholders to voluntarily dissolve the company and liquidate its assets for distribution.

Special Resolution

A shareholder resolution that requires at least a 75% majority vote to pass, often related to significant corporate actions.

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