Examlex
A principal has a duty to pay an agent in a timely manner the customary compensation for services rendered.
Backed
Supported or secured, often used in financial contexts to refer to investments supported by tangible assets.
Exchange Rate
The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for another.
Euro
The official currency of 19 of the 27 member states of the European Union.
Purchase
The act of buying goods or services.
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