Examlex
The yield curve is typically inverted at the peak of the business cycle.
Ratify
The official approval or confirmation of a treaty, contract, or agreement, making it valid and binding.
Contract
A legally binding agreement between two or more parties that outlines the terms and conditions of a particular arrangement or transaction.
Affirm
To confirm, ratify, or declare positively, often in a legal context such as affirming a judgment.
Ratifies
To formally approve or confirm something, often an agreement or treaty, making it officially valid.
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