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Transformational Leadership
A leadership style where leaders inspire and motivate employees to exceed their own interests for the sake of the organization and encourage innovation.
Statutory Lien
A legal claim on property, either personal or real, granted by law to creditors as security for a debt or obligation.
Debtor
An individual or entity that owes money or is in debt to another party.
Composition Agreement
An arrangement between a debtor and their creditors in which the creditors agree to accept a partial payment in satisfaction of the debts owed.
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