Examlex
What happens in a short-loop negative feedback control system?
Novation
The act of replacing one obligation with another by mutual agreement between all parties involved, essentially creating a new contract while cancelling the old one.
Right of Recovery
The legal ability to reclaim goods or compensation under the terms of an agreement or through legal proceedings.
Trustee
A person licensed to receive and dispose of the assets of a bankrupt, then distribute the proceeds to the creditors.
Beneficiary
An individual or entity entitled to receive benefits or assets from a trust, will, or life insurance policy.
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