Question

If a Corporation owns a Disability Buyout policy on another Corporation they are partners will this is known as:

Answer 1

If a Corporation owns a Disability Buyout policy on another Corporation they are partners will this is known as AN ENTITY PURCHASE

Step-by-step explanation:

If a partnership exists between businesses where the businesses own the policies on each other, that's is known as AN ENTITY PURCHASE DISABILITY ON BUYOUT POLICY

Answer 2

The correct answer is: Entity-Purchase.

Step-by-step explanation:

If there is a partnership between companies where the companies own each other's policies, that is known as an Entity Purchase Disability Buyout policy. By this, firms avoid the forced sales of the assets of the liquidated organization, provides liquidity to the state, and creates a smooth managerial transition among the companies in reference.