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Hart and Devlin attempted to examine the costs and benefits of regulating morality, and then each reached his own conclusion about whether it was just to do so.
Simple Interest
Interest calculated on the principal portion of a loan or deposit without compounding.
Commercial Paper
An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, and inventories, and meeting other short-term liabilities.
Simple Interest
Interest computed solely on the initial sum or on the outstanding part of that initial sum.
Discount
A reduction applied to the regular price of goods or services, usually to incentivize purchase.
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