Examlex
Match each item to the phrase or sentence listed below.
a. Houses people convicted of serious crimes
b. A facility authorized to hold pretrial detainees
c. Mutual transfer of resources
d. Workers who provide programs and services
e. Power shared between national and state government
f. Method of applying scientific knowledge
g. One of the goals of corrections
h. Common goals influenced by the environment
i. Conforms to the rules of society
j. Manages accused or convicted offenders
-Corrections
Auction Without Reserve
An auction in which the item for sale will be sold regardless of the price, as there is no minimum bid or reserve price.
Open Price Term
In a contract, a provision that allows the price to be determined later based on agreed criteria or market conditions.
Finance Lease
A type of lease in which it is assumed that the lessee will use the leased asset for a significant portion of its useful life, and the lease payments cover the full cost of the asset along with providing a return to the lessor.
Secured Transaction
A financial agreement in which the borrower pledges collateral to the lender to secure repayment of a loan.
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