Examlex
An increase in borrowing from long-term debt holders is a source of cash.
Specific Power
Authority granted to an individual or body to carry out specific actions in a designated context or situation.
Agency Agreement
A legal contract creating a fiduciary relationship which empowers an agent to act on behalf of a principal in transactions.
Apparent Agency
A legal concept where a principal is liable for the acts of their agent, based on the appearance of authority the agent has been given, even if no actual authority was given.
Implied Agency
A form of agency relationship created by actions of the parties involved rather than a written agreement, suggesting one party can act on behalf of another.
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