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Cultures with low future orientation
Ratification
The formal approval or confirmation of an act or agreement that was signed but not yet authorized.
Unauthorized Agent
An individual who acts on behalf of another without having the legal or official permission to do so.
Principal
The amount of money that is originally invested or loaned, prior to interest or profit.
Primarily Liable
Refers to the party in a financial transaction or contractual agreement who has the direct responsibility to perform or pay.
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