Examlex
Negligence is called an unintentional tort because the person doing the action often does not know the victim.
Homemade Leverage
The use of personal borrowing to change the overall amount of financial leverage to which an individual or household is exposed.
Financial Leverage
The use of borrowed funds (debt) to amplify potential returns on investment, which could also increase the potential for loss.
Indirect Bankruptcy Cost
Expenses that a company incurs when it approaches bankruptcy that do not include actual legal and other direct costs, such as lost sales, damage to reputation, and management distraction.
Bankruptcy Court
A specialized federal court dealing with cases involving individuals or businesses that cannot repay their outstanding debts.
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