Examlex
The closer to the required minimum the banking system maintains its reserves, the tighter the control the Fed has over the money creation process through its other instruments.
Duty
In a negligence action, an obligation to live up to a reasonable standard.
Gratuitous Bailment
A legal relationship where personal property is voluntarily transferred from one party to another without expectation of payment or benefit.
Equity
Legal principles founded upon fairness, as developed in the Court of Chancery to relieve the harshness of the common law; also the value left in an asset after subtracting what the owner owes.
Leasehold Estates
An estate that gives the holder (lessee) the right to use and occupy rental property for a fixed or indefinite period, without owning the property.
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