A dual banking system is a banking system in which both commercial banks and central banks exist. Central banks are responsible for monetary policy, while commercial banks are responsible for lending money to businesses and individuals. The two types of banks work together to ensure that the financial system is stable and that money is … Read more
A concession agreement is a contract between a government entity and a private company that gives the private company the right to operate a particular facility or provide a particular service within a designated area. The agreement typically spells out the terms and conditions under which the company will operate, including the length of the … Read more
Dodd-Frank Act: What It Does, Components, Criticisms. What is one of the reasons why the Dodd-Frank Act created the Consumer Financial Protection Bureau? The Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted in response to the financial crisis of 2007-2008. The Act created the Consumer Financial Protection Bureau (CFPB) as an independent agency … Read more
Carriage paid to (CPT) is a commercial term indicating that the seller delivers the goods to a carrier or another person nominated by the buyer at the seller’s own expense and risk. The term is often used in international trade transactions. What is the difference between CPT and CIF? CPT (cost and freight) and CIF … Read more
The Reasonableness Standard Definition is a legal term which refers to the principle that a person is required to act in a reasonable manner in order to avoid liability. This standard is often used in negligence cases, where a plaintiff must show that the defendant failed to act as a reasonable person would have under … Read more
The SEC Form F-10 is a filing that must be made by companies that are looking to list their securities on a national securities exchange. This form includes information about the company’s business, financial condition, and management. It also includes information about the securities that will be offered for sale. What is a Form 10 … Read more
What are property rights and why do they matter? What do you mean by right to property? The right to property is the legal right to own, use, and dispose of property. This right is enshrined in the Universal Declaration of Human Rights, which states that everyone has the right to “own property alone as … Read more
. Block Trade: Definition and How It Works. Do block trades provide a fixed price? A block trade is a transaction between two parties that is not executed on an exchange. Block trades are usually large transactions (hundreds of shares or more) and are often used by institutional investors. The price of a block trade … Read more
Promissory estoppel is a legal doctrine that states that a person who makes a promise to another person cannot go back on that promise if it would cause the other person to suffer a financial or other type of hardship. The doctrine is typically used in contract law, but can also be used in other … Read more
A severability definition is a statement in a contract or law that defines what will happen if part of the contract or law is found to be invalid. The purpose of a severability definition is to keep the rest of the contract or law in effect even if one part is found to be invalid. … Read more
