Class-Action Suits Are Designed to Give Plaintiffs with Small Losses

question 104

True/False

Class-action suits are designed to give plaintiffs with small losses the ability to join together to afford the costs of litigation.

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Definitions:

Returns

The gains or losses made from an investment over a particular period, often expressed as a percentage of the investment's initial cost.

Interest Rate

The percentage of an amount of money charged by lenders to borrowers for the use of money, usually expressed as an annual percentage.

Bonds

Fixed-income securities issued by corporations, municipalities, or governments to finance projects or operations, representing a loan made by an investor to the issuer.

Lenders

Individuals or institutions that provide funds to borrowers under the expectation of being repaid with interest.