Examlex
A zero coupon only pays interest when it is sold.
Sophisticated Client
A client with advanced understanding and experience in a specific field, often used in legal or financial contexts.
Legal Requirement
A mandate set forth by law that must be followed, which can include statutes, regulations, and legal precedents.
Solicitor-Client Privilege
The legal principle that protects the confidentiality of communications between a solicitor and their client from being disclosed without the client's consent.
Confidential
Information or material meant to be kept secret or private between the sharing parties, not to be disclosed to unauthorized individuals.
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