Examlex
How deep under the surface of a lake would the pressure be double that at the surface? (1 atm = 1.01 × 105 Pa)
$200 Payment
A financial transaction involving the transfer of two hundred dollars from one party to another.
Priority Claims
In bankruptcy proceedings, debts that are entitled to be paid before other debts due to their importance as defined by law, such as taxes and employee wages.
Bankruptcy Estate
The collective pool of assets and liabilities that are considered part of a debtor's estate under the bankruptcy code, subject to legal proceedings and distribution.
Secured Claims
are creditor's claims that are protected by a security interest in the assets of the debtor, giving the creditor a right to repossess the collateral if the debtor fails to fulfill the obligations.
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