Examlex
What are the known characteristics of the poor in the United States? Discuss how we measure and account for poverty.
Guarantor
An individual or entity that agrees to be responsible for another's debt or performance under a contract, should the primary party fail to meet its obligations.
Principal Debtor
The main individual or entity responsible for repaying a debt or obligation.
Creditor
An individual, organization, or entity that lends money or extends credit to another party, expecting repayment.
Verbal Agreement
An agreement made through spoken words and not formally recorded in writing, yet is legally binding.
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