Examlex
What is a capacity cushion, and why would a firm have one?
Delegation
The act of transferring to another person the authority to perform a particular task or function.
Assignment
The transfer of rights, duties, or interests from one party to another.
Obligation
A legal or moral duty or responsibility that one party owes to another, enforceable by law.
Discharged
Released from a legal duty or liability, often used in contexts as being discharged from a contractual obligation or from bankruptcy.
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