Examlex
Job specialization is the process of eliminating unnecessary or undesirable jobs.
Mutual Agreement
A concord reached by all parties involved, based on shared terms and conditions, often formalized through a contract.
Secured Lending
The practice of issuing loans backed by collateral, providing the lender with security in case of borrower default.
Collateral
An asset offered by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay according to the terms of the loan.
Contingent Fee
A payment arrangement where a lawyer or other professional is paid a fee only if the case is won or settled favorably, typically as a percentage of the settlement or award.
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