Examlex
Define the term "creditor holding a secured claim."
Paradox Of Voting
The concept that in a large election, the probability of one vote being decisive is so small that rational voters have no incentive to vote.
Majority Voting
A decision-making process where the choice supported by more than half of the participants wins.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be consumed by one individual without preventing the consumption by others.
Paired-Choice Majority Voting
A decision-making process in which choices are presented in pairs and voted on, with the majority preference determining the winner in each pair.
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