Examlex
With no inflation and a nominal interest rate (i) of .03,a person can trade off one unit of current consumption for ________ units of future consumption.
Statute of Limitations
Laws prescribing the time limits within which legal proceedings may be initiated.
Discharged in Bankruptcy
The legal status of having been released from the obligation to repay most or all debt, under bankruptcy proceedings.
Inducement
An incentive or motivation provided to encourage a certain action or behavior, often used in legal and business contexts.
Output Contract
An agreement between a seller and buyer where the seller agrees to sell all of the production to the buyer, who in turn agrees to accept and pay for the product.
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