Examlex
What appears to be the targeted debt ratio of a firm that issues $15 million in bonds and $35 million in equity to finance its new capital projects?
Good Faith
Acting with honesty and sincerity without intention to deceive or defraud in a legal or transactional context.
Subrogation
The process by which an insurance company, having paid a loss to its insured, acquires the legal right to pursue any claims the insured may have against a third party responsible for the loss.
Sequential Liability
Sequential liability refers to the responsibility shared among different parties in a sequence, where one party's financial obligations are dependent on the payment or performance of another.
Lease
A contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset for a specified period.
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