Examlex
A pension plan is underfunded if the projected benefit obligation exceeds the fair value of the pension plan assets.
Design Defect
A flaw in the planning or design of a product that makes it inherently unsafe or faulty.
Alternative Design
A different approach or solution, often proposed to address flaws in an original design concept.
Market-Share Liability
A legal theory holding manufacturers proportionately liable for damages based on their market share of a harmful product.
Prescription Drugs
Medications that are legally dispensed only with a medical prescription due to their potential side effects or risk of misuse.
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