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One reason that people continued to administer electric shocks in Milgram's study may be that the experiment starts with quite trivial shocks and,once the participant has committed themselves to giving shocks,it can be difficult for them to change their mind and not continue their commitment.This process
Negative Covenants
Provisions in a loan agreement that restrict certain actions of the borrower to protect the lender's interests.
Bond Indenture
A legal contract detailing the terms and conditions under which a bond is issued, including interest rates, maturity dates, and issuer obligations.
Sinking Fund
A fund set aside by a corporation for the purpose of repaying debt or buying back shares, to ensure financial stability and investor confidence.
Seniority Requirements
Rules or conditions that prioritize certain debts or obligations over others, typically in the event of bankruptcy or liquidation.
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