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Legal
liquidation
Law; Legal
The process of terminating the affairs of a business firm, etc., by realizing its assets to discharge its liabilities.
obligation
Law; Legal
A legal agreement stipulating a specified payment or action, especially if the agreement also specifies a penalty for failure to comply.
adjudication
Law; Legal
The final judgment in a legal proceeding; the act of pronouncing judgment based on the evidence presented.
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