Examlex
A ________ refers to a line of credit that is guaranteed by the bank
Defective Incorporation
A legal term referring to the situation where a company has been incorrectly or incompletely formed, potentially affecting its legal status and liabilities.
Personal Liability
The legal responsibility of an individual to settle debts or damages out of their own assets.
Gross Revenues
The total amount of money earned by a business before any deductions or expenses are subtracted.
Indirectly Own Stock
Holding shares in a company through indirect means, such as owning a mutual fund or an exchange-traded fund that in turn owns the stock.
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