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Vital Statistics Are Statistical Summaries of Records of Major Life

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Vital statistics are statistical summaries of records of major life events such as births,deaths,marriages,divorces,and infant deaths.


Definitions:

Legislation

The process of making or enacting laws; it also refers to the laws themselves that have been created through this process.

Unlimited Joint Liability

A legal obligation among partners that holds each personally responsible for the total debts of a partnership without limits.

Capital Accounts

Financial records that show the ownership equity in a company, including initial capital contributions, retained earnings, and withdrawals by owners.

Outstanding Liabilities

Financial obligations that a company or individual has not yet settled.

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