Examlex
"Risk aversion" implies that investors require higher expected returns on riskier than on less risky securities.
Liable
Legally responsible or obligated, often in the context of owing compensation for harm or damages caused.
Liability
A legal responsibility for one's actions or omissions, which may result in having to pay damages or make restitution in a civil lawsuit.
Instrument
A legal document formally evidencing a right, obligation, or financial transaction.
Certifies
Indicates the act of confirming or acknowledging something officially.
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