Examlex
Trust developed during the elementary school years is a primary foundation for thedevelopment of healthy emotional attitudes throughout life.
Guarantor
An individual or organization that commits to taking on the debt or fulfilling the contract obligations of another party if that initial party does not uphold their responsibilities.
Subrogation
The legal process by which one party assumes the rights of another party to recover debts or damages paid on their behalf.
Surety
A surety refers to a person or entity that takes responsibility for another's performance of an undertaking, for example, guaranteeing the payment of a debt.
Prepayment
The act of repaying a loan or part of a loan before its due date, which can sometimes lead to penalties or the waiving of future interest.
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