Examlex
The degrees of freedom are the number of values that are free to vary given that certain information, such as the sample mean, is known.
Liquidated Debt
A debt for which the exact monetary value has been determined and acknowledged by both the debtor and creditor.
Unliquidated Debt
A debt that has not been determined or fixed in amount, often because it is subject to a legal dispute or requires a judgment to ascertain its value.
Accord And Satisfaction
A legal settlement where a debtor offers something different than originally agreed upon, and if accepted, the debt is considered settled.
Sufficient Consideration
The concept in contract law that something of value, which is mutually agreed upon by the parties involved, must be exchanged for a contract to be legally binding.
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