Examlex
If LVTS participating financial institutions have insufficient settlement balances ________.
Undisclosed Principal
An Undisclosed Principal refers to a situation where an agent acts on behalf of a principal, but the identity of the principal is not revealed to the third party at the time of the transaction.
Suing
The act of initiating legal proceedings against a person or entity to recover a right or redress a grievance.
Enduring Power of Attorney
A legal document that allows an individual to appoint another person to make decisions on their behalf, even if they become mentally incompetent.
Contract of Agency
A legal agreement in which one party (the agent) agrees to act on behalf of another party (the principal) in business transactions.
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