APR,as it relates to the liquidation of a firm,means the rules of:

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APR in the context of liquidating a firm refers to the rules of absolute priority. This means that certain creditors have priority over others in receiving payment from the liquidation of the firm's assets. Absolute priority dictates that senior creditors, such as secured creditors and bondholders, must be fully paid before junior creditors, such as unsecured creditors and shareholders, receive any payment.

APR,as It Relates to the Liquidation of a Firm,means the Rules