Examlex
In recent years, many large firms have changed the title of the head of marketing from vice president of marketing to
Title
A legal term referring to the legal rights of ownership and possession of a particular property or asset.
Encumbrances
Legal claims or liabilities on property or assets that may affect their use or transferability, such as mortgages or liens.
Obligation
A legal or moral commitment to perform or refrain from performing some action.
Commission
A fee paid to an agent or employee for facilitating a sale or service.
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