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It depends on the context. Generally, it simply means that something, while not technically created, is still treated as if it had been created. For example, a corporation may exist in some states even though the proper paperwork hasn't been filed yet. If the founder of the corporation is acting as if the corporation exists, opening accounts, signing contracts in the corporation's name, the corporation may, under the state's laws, be treated as existing before the paperwork is filed.

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17y ago

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