Examlex
_________is a situation in which a manager who is deciding how to invest excess cash gets information from the bank that can describes various options available for type of investment, each of which have a guaranteed rate of return.
Recognizance
A legal obligation, acknowledged before a court, where an individual promises to adhere to certain conditions without the need for posting bail.
Acknowledges
The act of recognizing or admitting the existence or truth of something, often formally in writing.
Specified Act
An action precisely described or defined within a legal document or law.
Executory
Describes a contract or lease that has not yet been fully performed or completed by all parties involved.
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