Examlex
Briefly define security for costs and discuss how it may adversely affect a foreign plaintiff.
Solvency
The ability of a company to meet its long-term financial obligations.
Borrower Judged Insolvent
A situation where a borrower is legally declared unable to meet their debt obligations.
Court
A governmental institution with the authority to adjudicate legal disputes, applying and interpreting law in civil, criminal, and administrative matters.
Credit Risk
The risk of loss arising from a borrower's inability to repay a loan or meet contractual obligations.
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