Examlex
Failing to pay attention to the silent portion of a conversation can result in missing a vital part of the message.
Unsecured Creditors
Creditors who have lent money without taking any collateral, thus bearing a higher risk in case of debtor's default.
Liabilities With Priority
Obligations that are given preference over other liabilities in the case of liquidation or bankruptcy, often secured or legally mandated.
Liquidation
The process of closing down a business by selling its assets to pay off its debts, with any leftovers being distributed to shareholders.
Reorganization
The act of restructuring a company's business or legal structure, often for reasons related to improving the company's operations, efficiency, or to adjust to financial instability.
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