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Debt Obligations
The amount of money that a company or individual must repay to lenders, including both the principal and interest.
Distinct Legal Entity
Refers to a business that is legally considered separate from its owners, meaning it can own property, incur debts, and be sued independently.
Corporation
A legal entity that is separate and distinct from its owners, offering limited liability to its shareholders, and having the ability to own property, enter contracts, and sue or be sued.
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