Examlex
What is expressed to the correct number of significant figures?
Mortgage Lender
A financial institution or individual that provides funds to borrowers for the purpose of purchasing real estate, which is secured by the property being bought.
Default
Failure to fulfill a financial obligation, such as not making scheduled loan payments, leading to potential legal consequences or credit score impact.
Shirking
The act of avoiding or evading work and responsibilities, often in employment contexts.
Incentive Contracts
Contracts that promise a certain payback as a result of achieving set performance targets, thereby motivating the involved parties to reach specific outcomes.
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