Communists Are Socialists,but Socialists Are Not Necessarily Communist

question 84

True/False

Communists are socialists,but socialists are not necessarily communist.

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Definitions:

Trustee

A person who operates a trust for beneficiaries in a business trust. In bankruptcy proceedings, an individual who takes over administration of a debtor’s estate.

Secured Party

An individual or entity that has a legal interest or lien on a debtor's property, secured by a security agreement, ensuring priority payment in case of debtor's default.

Collateral

Property or other assets that a borrower offers to a lender to secure a loan.

Court Order

An official directive issued by a judge that requires a party to do or refrain from doing something.