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Some believe that plea bargaining is unethical because it usually results in longer sentences than a defendant would likely receive at trial.
Book Value
Represents the value of an asset according to its balance sheet account balance, taking into account the cost of the asset and any depreciation or amortization.
Preferred Stock
A type of stock that typically offers dividends and other privileges, like priority in asset liquidation, over common stock but usually doesn't carry voting rights.
Adjustable Rate
Interest rates that are variable and can change over the duration of a loan, typically in relation to an index or benchmark rate.
Contractual Obligations
Commitments that must be upheld as per the terms of a contract, ensuring all parties fulfill the agreed-upon requirements and conditions.
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