Examlex
Punishment increases the likelihood that behavior will be repeated.
Legal Process
The procedure of pursuing formal legal action through courts, including all judicial steps from initiation to resolution.
Secured Obligation
A debt or other type of financial obligation that is backed by collateral to reduce the risk of non-payment.
Secured Party
A lender or creditor in a secured transaction who has a legal interest in the collateral offered by the borrower.
Party Owes
This term suggests the existence of a debt or obligation that one individual or entity holds towards another.
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