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A true innovation practically destroys the previous business format.
Legal Capital
The minimum amount of capital that a company must maintain as required by law, often set to protect creditors.
Par Value
The nominal or face value of a bond, share of stock, or other financial instrument as stated by the issuer.
Legal Significance
Refers to the importance or implications of something within the realm of the law, often determining how legal documents, decisions, or actions are interpreted and enforced.
SEC
The Securities and Exchange Commission, a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry.
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