Examlex
The times-interest-earned ratio is calculated as EBIT divided by interest expense.
Exercise Control
The act of directing, managing, or commanding something or someone effectively.
Duty
In a negligence action, an obligation to live up to a reasonable standard.
Gratuitous Bailment
A legal relationship where personal property is voluntarily transferred from one party to another without expectation of payment or benefit.
Equity
Legal principles founded upon fairness, as developed in the Court of Chancery to relieve the harshness of the common law; also the value left in an asset after subtracting what the owner owes.
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