Examlex
Since organizations are no more likely to change their "character" than are people,business should select their long-term "partners" very carefully.
Administrative Expenses
Overhead or general expenses related to the day-to-day operations of a business, including salaries of non-sales personnel, rent, utilities, and office supplies.
Unsecured Creditors
Creditors who have lent money without taking collateral. If the borrower defaults, these creditors stand behind secured creditors in the priority of claims.
Stockholders
Investors who own shares of stock in a corporation, holding a claim on its assets and earnings.
Spin-off
The creation of an independent company through the sale or distribution of new shares of an existing part of a parent corporation.
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