Examlex
The cap-and-trade program for regulating air pollutants by the U.S. a.government is an example of
Discharge in Bankruptcy
The legal process that releases a debtor from most of their debts, providing a fresh financial start, as determined under bankruptcy law.
Down Payment
An initial, upfront payment made on a purchase, typically significant in value, with the balance to be paid later.
Voluntary Bankruptcy
The act of deliberately filing for bankruptcy by an individual or organization as a mechanism to address insurmountable debt.
Bankruptcy Petition
A formal request filed by an individual or business to declare bankruptcy, seeking protection from creditors.
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Q108: Briefly explain why it is so expensive