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Scenario analysis asks questions such as:
Accord And Satisfaction
A legal contract whereby a dispute is settled by the parties involved agreeing to give and accept something in settlement of the claim and thus satisfying both sides.
Unliquidated Debt
An obligation whose precise financial amount is yet to be established.
Liquidated Debt
A debt with a specific, fixed amount that has been agreed upon by all parties involved.
Accord
An agreement in law where two parties agree to settle a dispute by one party fulfilling a condition offered by the other.
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