Examlex
MNEs cannot be obligated by local laws to provide training in the language(s) of the country in which they operate.
Bond Indenture
A legal contract detailing the terms and conditions under which a bond is issued, including interest rates, maturity dates, and issuer obligations.
Sinking Fund
A fund set aside by a corporation for the purpose of repaying debt or buying back shares, to ensure financial stability and investor confidence.
Seniority Requirements
Rules or conditions that prioritize certain debts or obligations over others, typically in the event of bankruptcy or liquidation.
Zero-Coupon Bond
A type of bond that does not pay interest during its life but is sold at a substantial discount from its face value and pays its full face value at maturity.
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