Examlex
Net present value is a method of calculating the net monetary gain or loss from and investment (project) by discounting all future costs and benefits to the present time.
Principal's Responsibility
The legal obligations of a principal to ensure the proper conduct and accountability of their agents or representatives.
Independent Contractor
An individual who provides services to another entity under terms specified in a contract or agreement, but is not considered an employee of the entity.
Inherently Dangerous Activity
An activity that carries an inherent risk of harm or damage, even when all possible care is taken to prevent that harm.
Liability
The legal responsibility to settle a debt or fulfill an obligation, potentially involving payment for damages in legal cases.
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