Examlex
When a political poll states that the data have "a margin of error of 4 percent," what does
This refer to?
Distribution to Partners
Refers to the distribution of profits, income, or assets from a partnership to its partners, typically in proportion to their ownership interests.
Managing Partner
A member of a partnership who has the authority and responsibility for managing the everyday operations of the business.
Partnership Assets
Assets or property owned jointly by partners in a business partnership, used for the business’s operations.
Fiduciary Duty
An obligation to act in the best interest of another party. For instance, a fiduciary duty exists between a trustee and the beneficiaries of the trust.
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