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If a parent company backs the debt of a foreign subsidiary, the borrowing capacity of the parent might be reduced as creditors are not willing to provide as many funds to the parent if those funds may possibly be needed to rescue a parent's subsidiary.
Collection Agency
An organization tasked with recovering funds owed by individuals or businesses on behalf of a creditor.
Consumer Debt
Money owed by consumers as a result of purchasing goods or services that are consumable and do not appreciate over time.
Employer
An individual or entity that hires and pays wages to employees for their labor.
Unfair Business Practices
Actions undertaken by businesses that are deceptive, misleading, or unethical, often to gain an advantage over consumers or competitors.
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