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Figure 11-4
-Refer to Figure 11-4. The shift in the demand for bonds from D1 to D2, in Panel (b) will result in a
ADR
Alternative Dispute Resolution, a range of processes such as mediation and arbitration used to resolve disputes without going to court.
Speedy Resolution
The quick settlement of a dispute or legal case without prolongation.
Binding Precedent
A principle or rule established in a previous legal case that must be followed by courts in future cases with similar issues or facts.
Lengthy Process
Describes a procedure or series of actions that takes a considerable amount of time to complete, often due to complexity or detailed requirements.
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