Examlex
In some states,such as California,proximate cause has been replaced by a negligence rule of liability that holds: A legal cause of injury is a cause which is an (a) _________ in bringing about the injury.
Inventory
A company's merchandise or goods ready for sale, representing one of the key assets that businesses manage and report on their financial statements.
Municipal Bond
A debt security issued by a state, municipality, or county to finance its capital expenditures, often exempt from federal taxes and sometimes from state and local taxes.
Tax Bracket
The range of incomes taxed at a specified rate by the government, part of a progressive tax system where tax rates increase with income.
Corporate Bond
A debt security issued by a corporation to raise capital, obligating the issuer to pay interest and repay the principal at a specified date.
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