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Defensive pessimists obtain poor grades in school.
Collateral
is an asset pledged as security for the repayment of a loan, forfeitable in the case of default.
Corporation
A legal entity recognized by law as a separate "person" that can own assets, incur liabilities, and conduct business, often with the aim of generating profit for its shareholders.
Partnership Agreement
A legal document that outlines the rights, responsibilities, and proportions of interest of each partner in a business venture.
Executive Summary
A concise overview of a document or report, highlighting its main points, conclusions, and recommendations, typically placed at the beginning.
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