Examlex
Specific damages to be paid in case of breach, that the parties agree to in the contract in advance of a breach are called ____ damages:
Stated Interest Rate
The annual interest rate declared on a financial instrument, such as a loan or bond, not taking into account compounding or fees.
Market Interest Rate
The prevailing rate of interest available in the market, influencing the rates charged on loans and paid on deposits.
Face Value
The face value or monetary amount displayed on a bond, note, or any financial document, indicating the total due upon its maturity.
Operating Lease
A lease agreement allowing a business to use an asset without ownership, often with lower payments and shorter terms than a finance lease.
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