Examlex
The marginal propensity to consume (MPC)is the fraction of additional income that is spent.
Common Law
A body of unwritten laws based on legal precedents established by the courts, influencing and guiding current and future legal decisions.
Inter Vivos Gift
A gift made during the giver's lifetime, without expectation of death, transferring ownership immediately.
Legal Accept
Formal consent to the terms of an offer or agreement, thereby making it legally binding.
Donative Gift
A gift given without expectation of receiving something in return, intended as an act of generosity or charity.
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