What Is a Legal Document Approved by a Judge That

question 57

Multiple Choice

What is a legal document approved by a judge that formalizes an agreement between a governmental agency and an adverse party called?

• A) A consent decree
• B) Stare decisis decree Stare decisis decree
• C) A judgment rider
• D) Common law judgment

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Definitions:

Option Contract

A financial contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price within a certain period.

Right

In finance, the prerogative to buy or sell a security under specific conditions, often associated with options.

Specific Asset

An identifiable and tangible asset owned by a company, often critical to its operations or unique in nature, usually with specific investment criteria.

Swap Contract

A swap contract is a financial derivative agreement between two parties to exchange sequences of cash flows for a set period of time.