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Which country was a significant focal point for international business during the Middle Ages?
Seizure of Collateral
The act of a lender taking possession of the collateral pledged against a loan in the event of default by the borrower.
Breach of Covenant
The violation of a term or condition set in a contractual agreement or bond covenant.
Stock Options
Financial derivatives that give the holder the right, but not the obligation, to buy or sell shares of a stock at a specified price within a specified time period.
Tax Treatment
The application of tax laws and regulations to various financial transactions, determining how they are taxed.
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