Examlex
How is ethics different from laws?
Control
The power or authority to manage, direct, or influence something or someone.
Possession
The condition or reality of being the owner or holder of an item, in either a physical or legal capacity.
Collateral
An asset that a borrower offers a lender to secure a loan. If the borrower fails to repay the loan, the lender may seize the collateral.
Oral Agreement
A verbal contract in which the terms have been agreed upon through spoken communication, as opposed to written, but is still legally binding in some cases.
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