Examlex
An organizational manual is a graphic portrayal of a company's authority and responsibility relationships.
Liquidation
The process of closing a business and distributing its assets to claimants, often involving selling off assets to pay off creditors and then returning any remaining assets to the shareholders.
Redeem
To recover ownership of something by paying off a debt or fulfilling an obligation.
Residual Assets
The remaining assets that belong to shareholders after a company has paid all its debts and obligations.
Dissolution
The act of dissolving or ending an entity, such as the termination of a corporation or partnership.
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