Examlex
The total worthlessness of a security generally results in an ordinary loss.
Legal Authority
The legally sanctioned power given to individuals or entities to make legal decisions, enforce laws, and administer justice.
Executive Agreements
International agreements entered into by the president that do not require Senate approval, often used in foreign policy.
Formal Treaties
Officially binding agreements between states or nations, governed by international law and formally ratified by the participating entities.
Senate
The upper legislative house in many bicameral parliamentary systems, often tasked with reviewing legislation passed by the lower house.
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