Examlex
The maximal flow problem can be formulated as a capacitated transshipment problem and determines the maximum amount of flow (such as messages,vehicles,fluid,etc.)that can enter and exit a network system in a given period of time.
Personal Liability
The legal obligation of an individual to bear the cost of damages or losses themselves, rather than the liability being absorbed by an entity or insurance.
Agency Relationship
A fiduciary relationship in which one party (the agent) agrees to act on behalf of another party (the principal).
Ratify
To formally approve or confirm, often used in the context of treaties, agreements, or legislation.
Commission
A fee paid to an agent or employee for completing a task or making a sale, which is often a percentage of the sale's total value.
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