Examlex
For cyclical companies, the most accurate price-earnings ratio would be derived by dividing the current stock price by the latest 12 months earnings.
Compensatory Damages
Compensatory damages are a monetary award given to a plaintiff to compensate for a loss, injury, or harm suffered as a result of another party's actions.
Technical Injury
Harm or damage that occurs in a legal context without the occurrence of direct physical harm, often relating to infringement of rights or breach of contract.
Irrigation System
A network of channels, pipes, or ditches designed to transport water to areas where it is needed for agricultural purposes.
Reasonable Estimate
An approximation or educated guess based on available information and sound judgment, considered to be fair under the circumstances.
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