Examlex
What is a shadow price? Why is it advantageous to include shadow prices in economic models?
Decree Of Bankruptcy
A formal declaration by a court that declares a person or organization as insolvent, unable to pay their debts.
Liquidated Damages
A predetermined amount of money stipulated in a contract that one party will pay to the other in case of a breach.
Penalty Clause
A contractual provision that imposes a financial penalty on a party for a breach of contract or failure to meet specific terms.
Better Title
A legal principle indicating that among multiple claims to ownership or rights, one claim is superior or more legally valid than the others.
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