Examlex
Identify and state the historical significance of the following:
-Richard M. Nixon
Rescission
The act of canceling, voiding, or annulling a contract, returning the parties to their positions prior to the contract.
Usury
Charging an illegal rate of interest.
Lawful Maximum
The highest limit allowed by law, often referring to interest rates, fees, or other financial charges.
Interest Rate
An Interest Rate is the percentage charged on the total amount of borrowed money or paid on savings, over a specific period of time.
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