Examlex
If an entire judgment for a tort for which the partnership is liable is paid by one partner, other partners have no legal obligation to indemnify that partner.
Annual Interest Rate
The percentage of the principal that is paid as a fee over a period of one year for borrowing or saving money.
Capital Income
This term refers to the total amount of money generated from investments, dividends, interest, and any other sources other than labor earnings.
Rent
A regular payment made for the use of land, property, or equipment.
Opportunity Cost
The skipping of feasible improvements from various alternatives due to settling on one.
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