Examlex
A car mechanic tells you that there is a 75% chance that your car will need major repair work within the next six months. This statement is an example of
Equipment
Tangible assets used in the operation or activities of a business or entity, ranging from office supplies to machinery.
Arbitration Clause
A contract provision that requires parties to settle disputes through arbitration rather than litigation in courts.
Credible Insurance
Insurance coverage provided by a reputable and financially stable company that can be trusted to pay out claims as stipulated by the policy.
Impartial Third Party
A neutral individual or entity not involved in a dispute who may assist or help resolve issues without bias.
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