| Financial-Dictionary.org Financial jargon revealed... |
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| Definition Of: |
bankruptcy
The process in which the court allows a company to present a reorganization plan to pay debtors., while under court debtor protection.
The final stage in a bankruptcy which terminates a business operation by liquidating all assets as determined by the court.
An action taken by a party to legally protect its remaining assets by declaring that it cannot pay its bills. Typically- liabilities exceed assets.
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General INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 A: Page 1 of 37.
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