A component added to protect against delays beyond the workers control.

A rule that prevents liability on damages and travel delays.

Insuance that covers nonsite force majeurs, law changes, and liabilty of a contractor.

A bond not called for years and continues to generate income. Refer to callable bond .

A security that cannot be converted until a date.

A loan feature that lets the borrower withdraw amounts at predefined times.

A rule in life insurance concerning payout of death benefits. It occurs when the beneficiary is dead and other listed must be paid.

Reducing the size of a business by firing management. The organization structure is flatter.

Lat. Choice of the person. By this term is understood theright of a partner to exercise his choice and preference as to the admission of any newmembers to the firm, […]

a Latin phrase where the right of one partner is to approve or disapprove of a new partner.

A delegated power cannot be delegated.

A person who is delegated or commissioned to act in the stead of another; a person to whom affairs are committed by another; an attorney.A person elected or appointed to […]

the authority that is bestowed by a an authority that is higher.

the high conrt of. In English law . Formerly the court of appeal from theecclesiastical and admiralty courts. Abolished upon the judicial committee of the privycouncil being constituted the court […]

A sending away; a putting into commission; the assignment of a debtto another: the intrusting another with a general power to act for the good of thosewho depute him. At […]

a term with the transfer of authority from one person to another person.

When a leader gives authority to make decisions to the employees but is responsible for the results.

A law stating the agent with authority cannot act without the delegator permission or implied permissin. It is fundamental to administrative law .

In French marine law. A discharging of ballast (Inst) from a vessel.

One [every one] ought to be subject to the law [of the place] where he offends. 3 Inst. 24. This maxim is taken from Bracton. Bract, fol. 1546.

In Scotch law. To erase; to strike out.

Erasing data from a storage medium. The space left is used.

This word means to cross out or remove words from a document.

A quarry or mine. 31 Eliz. c. 7.

That which is to be resolved once for all should be long deliberated upon.