Examlex
Real-time processing occurs when transactions are processed as soon as they are entered.
Trade Name
The name by which a business is known to the public, differing from its legal name, under which it carries out its business activities.
Franchisor
The party in a franchising agreement that owns the overarching company, trademarks, and products, granting the right to operate a franchise.
Trademark
A distinctive mark, word, design, picture, or arrangement that is used by a producer in conjunction with a product and tends to cause consumers to identify the product with the producer.
Personal Liability
The legal responsibility of an individual to cover debt or damages arising from their actions.
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