Examlex
Which of the following is one of the three sections of a comprehensive annual financial report?
Contract Clause
A provision found in the U.S. Constitution that prohibits states from enacting laws that retroactively impair contract rights.
Interest Rate
The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.
Permissible
Allowed or permitted within a set of rules, laws, or regulations.
Exculpatory Clause
A contract provision that relieves one party of liability if damages are caused during the execution of the contract.
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