Examlex
A major distinction between capitalism and socialism concerns the distribution of income.
Level of Learning 2: Understanding of concepts and principles
Right of Exoneration
A legal principle that allows a person who has discharged a debt or obligation, which was owed jointly with others, to obtain reimbursement from the other parties responsible for the debt.
Surety
A financial agreement where a third party (surety) guarantees the obligations of a debtor to the creditor, providing assurance that the debtor's obligations will be fulfilled.
Artisan's Service
The work or craft of skilled manual workers who make items largely by hand, often with traditional methods.
Lien
A legal right or interest that a creditor has in the debtor's property, typically lasting until the debt that it secures is paid.
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