Definition: In legal terminology, a "subsidy" refers to any person or entity that owes money to another party. In this context, it is often used in the context of a joint debt situation where one party is owed by multiple parties. For example: 1. If a company owes a supplier $50,000 and also owes $30,000 to its own employees, then the "subsidy" would be the supplier. 2. In a partnership agreement, if
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