Examlex
How do exchanges seek to reduce default risk in the futures market?
Automobile
A vehicle on wheels designed for transport, commonly propelled by an internal combustion engine or an electric motor.
Proprietor
An individual who owns and runs a business, possessing exclusive legal rights and responsibilities regarding its operations.
Absolute Liability
A legal principle where a party is held responsible for damages or loss, irrespective of intent or negligence.
Bailee
An individual or entity who temporarily holds property on behalf of another under a bailment agreement.
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