Examlex
The action potential in an autorhythmic single-unit smooth muscle fiber consists of a depolarizing phase due to the opening of voltage-gated sodium channels, and a repolarizing phase due to opening of voltage-gated potassium channels and closing of voltage-gated sodium channels.
Fair Market Value
The price that property would sell for on the open market between a willing buyer and a willing seller, each having reasonable knowledge of all relevant facts.
Valid Consideration
Anything of value promised to another when making a contract that is legal and results in the formation of a binding agreement.
Uniform Commercial Code
An extensive collection of statutes that regulate every aspect of business dealings within the United States, aimed at standardizing the legal framework for sales and various commercial activities throughout the states.
Paid-In-Full
A status indicating that a debt or obligation has been completely settled or paid off.
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