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The price index was 220 in one year and 260 in the next year. What was the inflation rate?
Fiduciary Duty
An obligation under the law for an individual to prioritize another's interest, often involving someone trusted with managing finances or assets.
Special Litigation Committee
A committee often formed within a corporation's board of directors to decide on legal strategies or manage specific litigation matters, especially in derivative lawsuits.
Derivative Suit
A lawsuit brought by a shareholder on behalf of a corporation against a third party, often its officers or directors, for harm done to the corporation.
Interested Directors
Board members who have a personal, financial, or other direct interest in a matter being considered by the board.
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