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Under the New York System,prisoners produced goods for sale to cover operating costs.
Guaranteed Price
A price assured by one party to another, often used in contracts to specify the minimum payment that will be received for goods or services.
Confirmation Letter
A written communication that verifies and confirms the details of a previous agreement or conversation.
Oral Agreement
An agreement between parties that is made through spoken words and is legally binding though not recorded in written form.
Recover Cost
entails obtaining reimbursement for funds that have been expended for a specific purpose, often through legal or contractual means.
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