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Right of Recovery
A legal principle allowing parties to seek compensation or restitution following a loss or injury.
Negligently
Performing actions or failing to act with a lack of proper care or concern for the consequences, potentially causing harm or damage.
Insolvent
A state where an individual or organization is unable to fulfill financial obligations due to lack of funds.
Security Interest
A legal claim or lien on collateral that has been pledged, usually to obtain a loan.
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