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Charging Order
A court’s order granting rights in a partner’s transferable interest to a personal creditor of the partner; a creditor with a charging order is entitled to the partner’s share of partnership distributions.
Transferable Partnership Interest
The aspect of a partner's share in a partnership that can be transferred or sold to another party, subject to the partnership agreement.
Judgment
A formal decision or conclusion by a judge or court at the end of a lawsuit.
Legal Partnership
A business structure where two or more individuals manage and operate a business in accordance with the laws and regulations, sharing profits and liabilities.
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