INJUNCTION
Court order that prohibits an individual from doing something specific. The court awards injunction when monetary restitution is not enough to remedy the harm or leads to greater injustice. For instance, if an individual wrecks another person’s car, it is easy to place a monetary damage amount on the item. But if an individual threatens to sell your video in a compromising situation, it is more significant to stop the video from circulating than to quantify the damages.
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Affirmative Covenant
A kind of contract or promise that requires a party to conduct some action. For example, a bond covenant which provides that the issuer must delive ...
Pure Risk
A risk where loss is the only potential outcome; there is no positive result. A pure risk is related to events that are out of control of the risk- ...
Efficiency
Performance level describing a process which uses the lowest amount of inputs to come up with the greatest amount of inputs. It is relative to usin ...
Tax Free
Goods and/or financial products that are not taxable. Having the tax free status allows an entity to save money and encourages additional spending ...
Reprice
A situation that is most often allowed for company executives or high-level employees. It permits them to trade in their options that out of the mo ...
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