Examlex
Evaluate .
Principal Goes Bankrupt
When a principal goes bankrupt, it refers to a situation where the main party in a financial or business agreement is unable to repay debts and legally declares bankruptcy.
Discharge
The act of formally releasing someone from their duties, often used in the context of employment termination.
Dismissal
The act of officially removing someone from their job, often due to inadequate performance, misconduct, or redundancy.
Organizational Policies
Guidelines and rules established by an organization to govern its operations and employee behavior.
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