Examlex
If the real interest rate is 5% and the inflation rate is 3% then the real growth rate in your purchasing power is 8%.
Valid Delegation
The legal principle that allows a person to transfer their duties to another party, provided the action is authorized and the delegate is qualified.
Expressed Intent
The explicitly stated purpose or goal of an individual or entity, made clear through verbal or written communication.
Intended Third-party
Someone who, although not a direct participant in a contract or agreement, stands to benefit from the execution of the agreement.
Incidental Third-party
A person or entity indirectly involved or unintentionally benefited by a transaction or contract between two other parties.
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