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Simple English definitions for legal terms

readjustment

Read a random definition: bargain and sale

A quick definition of readjustment:

Term: READJUSTMENT

Definition: Readjustment is when a company that is having money problems decides to make changes to fix the problem. The people who own the company do this on their own, without someone else coming in to help. They make changes to the way the company works so that it can become financially stable again.

Verb: Readjust

A more thorough explanation:

Definition: Readjustment is when a company that is having financial problems decides to reorganize itself without the help of a trustee or receiver. This is done voluntarily by the shareholders of the company.

Example: ABC Corporation is struggling financially and its shareholders decide to come together and make changes to the company's structure and operations to improve its financial situation. This is an example of readjustment.

Explanation: Readjustment is a way for a company to avoid bankruptcy and financial ruin by taking control of its own reorganization. Instead of relying on outside help, the shareholders work together to make changes that will hopefully improve the company's financial situation. This can include things like cutting costs, restructuring debt, or changing the company's business model.

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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