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The present value of $1 payable in the future decreases
Uniform Acts
Model statutes drafted by private bodies of lawyers and scholars.
Model Statutes
Draft legislation intended to serve as a guideline for state or federal lawmakers, often developed to promote uniformity and best practices across different jurisdictions.
Private Bodies
Non-governmental organizations or entities that operate independently of state control, often within the private sector.
Legislative Purpose
The intent or objective behind the enactment of a specific law or statute by a legislative body.
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