Examlex
MRP is used within most MRP II and ERP systems.
Recourse
The legal right to demand compensation or redress, typically in a financial context, like seeking recourse for a defaulted loan.
Down Payment
An initial payment made when something is bought on credit, representing a fraction of the full purchase price.
Scope of Authority
The range or limits of the powers and responsibilities legally granted to a person or organization.
Liable
Subject to being held accountable, usually in a legal or financial context, for fulfilling obligations or compensating for an incurred loss or damage.
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