Examlex
What are the 2 primary principles of TQM?
Security Interest
A legal claim or lien on collateral that secures the performance of an obligation, typically repayment of a debt.
Accommodation Surety
A guarantor who agrees to be responsible for someone else's debt or obligation without receiving any benefit.
Bonding Company
A company that provides financial assurance to a third party through a bond, guaranteeing the performance of an individual's or company's obligations.
Right of Reimbursement
The legal right to be compensated or repaid for costs, expenses, or losses that have been incurred on behalf of another party or as a result of certain conditions being met.
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