FOLIO Ontology

Balance

IRI:
https://folio.openlegalstandard.org/R9sokcA9oHRbgtRmCOsUCY2
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Definition

In the context of bankruptcy, "balance" refers to the remaining amount of money or assets that a debtor has after discharging their financial obligations. This term can also relate to the outstanding amount owed by the debtor to the creditors after bankruptcy proceedings.

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Additional Information

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