Examlex
How do interest rates in the economy affect the price of a corporate bond?
Agency Contract
A legal agreement wherein one party (the agent) agrees to act on behalf of another party (the principal) in a business transaction or other matter.
Third Party
An individual or group not directly involved in a contract or legal transaction but could be affected by its outcome.
Agency Relationship
A legal and fiduciary relationship between two parties, where one (the agent) is authorized to act on behalf of the other (the principal) in business transactions.
Illegal
Activities or practices that are forbidden by law and subject to penalties if violated.
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