Examlex
E-procurement involves a push strategy.
Surety
A party that takes responsibility for another's performance of an undertaking, such as fulfilling the terms of a contract.
Creditor's Rights
Legal rights granted to creditors to collect debts owed to them, including the right to sue for non-payment or to reclaim property sold on credit.
Principal Debtor
The principal debtor is the original borrower responsible for repaying a debt or obligation in a financing agreement.
Contract
A contract that is enforceable by law, made between two or more entities, detailing their responsibilities and entitlements.
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