Explain Both the Concept of Financial Engineering and Why It

question 26

Essay

Explain both the concept of financial engineering and why it is becoming increasingly popular in today's business environment.

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Definitions:

Case Law

consists of past court decisions that establish precedents in legal reasoning and interpretations of statutes which are used to guide future cases.

Restatement of Law

A publication that seeks to inform judges and lawyers about general principles of common law in the United States.

Common Law

A body of unwritten laws based on legal precedents established by the courts.

Federal Judiciary

The branch of the United States government responsible for interpreting the law, consisting of the Supreme Court and lower federal courts.