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What was Benjamin Franklin's contribution to the understanding of the electrical "fluid"?
Corporate Life Cycle
A concept that describes the progression of a company through stages of growth, maturity, and decline or renewal.
Lapse
The expiration or termination of a right, privilege, or policy due to the passage of time or inaction.
Maturity
The date on which a financial obligation, such as a bond or loan, becomes due and is to be paid off.
Growth
A key objective for businesses and economies, referring to an increase in capacity, value, or size, often measured by metrics such as GDP for economies and sales revenues for businesses.
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