Examlex
The value of a bond is the present value of the ________.
Bound
Being legally or morally obligated to do something or restricted by some form of constraint.
Ratify
To formally approve or confirm an agreement or treaty, making it officially valid.
Principal
The original amount of money invested or loaned, not including profits or interest.
Agent's Unauthorized Contract
A contract or agreement made by an agent without the proper authority or permission from the principal, often raising questions of enforceability and liability.
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