Examlex
Determinate sentencing allows for no opportunity for an early release based on the behavior of the offender, also known as parole.
Unused Debt Capacity
The additional amount a business or individual can borrow without harming creditworthiness, based on current financial obligations.
Spin-off
A corporate action where a company "spins off" a section as a separate business, leading to the creation of a new independent company.
Merger
The combination of two or more companies into a single entity, where one survives and the others cease to exist.
White Knight
A friendly investor or company that acquires a corporation at fair consideration, often to prevent it from being taken over by a hostile party.
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