In the case of liquidation, bondholders and other creditors must be paid in full before stockholders can receive monetary distributions.

Name: In the case of liquidation, bondholders and other creditors must be paid in full before stockholders can receive monetary distributions.
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This is because bondholders and other creditors have higher priority in the event of liquidation as they have a legal claim on the company's assets before stockholders.

In the Case of Liquidation, Bondholders and Other Creditors Must