Examlex
Which pair of terms is correctly matched?
Charging-Order Creditor
A creditor's legal right to attach a debtor's interest in an LLC or partnership, as a means to satisfy the debtor's outstanding obligation.
Lien Creditor
A creditor who has a legal right or claim against a debtor's property as security for a debt or charge.
Partnership Distributions
The sharing out of profits, assets, or earnings among the partners of a partnership based on the agreed-upon terms.
Sole Proprietorship
A business structure where a single individual owns and operates the business, bearing all the business's financial responsibilities and obligations.
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