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What is one of the most important characteristics of systems of stratification?
Liabilities With Priority
Obligations of a business that are given precedence over other debts, especially in the context of bankruptcy or liquidation proceedings.
Order Of Relief
A court order that provides a debtor protection from creditors under bankruptcy proceedings.
Benefit Plans
Programs established by employers to provide various benefits to their employees, such as healthcare, retirement savings, and life insurance.
Unsecured Liabilities
Debts or obligations that are not protected by a security interest or collateral, making them riskier for lenders.
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