Examlex
The permanent absence of one parent generally results in all of the following EXCEPT
Unsecured Liabilities
Obligations or debts that are not protected by collateral, meaning the lender does not have claims on specific assets of the borrower if the debt is not repaid.
Non-Priority
A designation for debts or considerations that are deemed less important and hence are lower in the order of settlement or attention compared to priority ones.
Total Liabilities
The sum of all financial obligations (debts) owed by a company to external parties, recorded on its balance sheet.
Unsecured
Refers to loans or debts that are not backed by collateral, relying on the borrower's creditworthiness instead.
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