Examlex
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Partnership Termination
The process of dissolving the business relationship between partners under the terms of a partnership agreement.
Income-Sharing Ratios
Ratios that determine how profits or losses are divided among business partners or stakeholders according to agreed terms.
Capital Balance
The portion of equity attributable to the owners or shareholders in the company, reflecting the initial and additional contributions plus retained earnings minus withdrawals.
Capital Deficiency
A financial situation where a company's liabilities exceed its assets, indicating potential insolvency or financial distress.
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