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This Term Refers to the Ranking of People into Different

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This term refers to the ranking of people into different groups based on criteria such as occupation, income, or social class.


Definitions:

Seller

An individual or entity that offers goods or services for sale to a buyer in exchange for compensation.

Lessor

The party in a lease agreement who owns the property and grants the right of use to another party, called the lessee, in exchange for payment.

Contractual Remedies

Legal means available to a party under a contract to enforce its rights or compensate for the other party's breach.

Punitive Damages

Monetary compensation awarded to a plaintiff, over and above actual damages, intended to punish the defendant and deter future similar acts.

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