Examlex
The formula for the debt coverage ratio is:
Partial Performance
A situation in contract law where one party has completed a portion of their contractual obligations, which may entitle them to partial compensation or enforce the remainder of the contract.
Reasonable Quantity
An amount of goods or services deemed to be fair and appropriate under normal circumstances or usage.
UCC
A broad spectrum of laws that oversee every commercial transaction in the United States is encapsulated within the Uniform Commercial Code (UCC).
Industry Standards
Established norms and guidelines within a particular industry that are widely accepted and followed by businesses and professionals within that field.
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