Examlex
Firms with high markups and low turnover rates may earn lower profits than firms with low markups and high turnover rates.
Clean Hands
Absence of wrongdoing on the part of a person seeking an equitable remedy.
Financial Ability
The capacity of an individual or entity to manage expenses, invest, or meet financial commitments, often determined by assets, income, and creditworthiness.
Legal Tender
Officially recognized currency that can be used to settle public and private debts within a country.
Repudiation
An indication by one party to the other that there will be a failure to honour the contract (the expression of which can be expressed or implied).
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