Examlex
Match each term with the correct statement below.
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Partnership Share
The portion of ownership interest that a partner has in a partnership, often determining the share of profits and losses and the extent of liability.
Liquidated
The process of converting assets into cash or liquid assets, often in the context of dissolving a company or settling debts.
Existing Partnership
An ongoing business relationship between two or more persons who cooperate to conduct business activities for profit.
Jointly
In cooperation or shared between two or more parties.
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