When There Are a Large Number of Plaintiffs,several Lead Plaintiffs

question 66

True/False

When there are a large number of plaintiffs,several lead plaintiffs can form a class in a class action lawsuit against the defendants.

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Definitions:

Interest Annually

A method where interest is calculated once every year and added to the principal sum, affecting the total amount of interest earned or paid over the life of the loan or investment.

Annual Rate

The interest rate over a year's time, often used in financial contexts to describe the yield of an investment or the cost of a loan.

Debt Payments

Money that is paid back to reduce or settle the amount borrowed, including both the principal and the interest.

Single Payment

A one-time transaction to settle a liability or complete a purchase.