statement of affairs
Definition 1
General: Written record of the current condition, position, or status of an entity, program, or project.
Definition 2
Law: Worst-case scenario financial statement listing the assets (at their liquidation value) and liabilities of an entity who is either bankrupt or whose bankruptcy is imminent.
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statement of affairs is in the Business Communications & Presentations, Corporate, Commercial, & General Law, Documentation & Recordkeeping, Entrepreneurship, Management, & Leadership and Planning & Scheduling subjects.
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