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MEANING AND USE OF THE LEGAL TERMS: PARIPASSU Meaning and Use of the Legal Term: Paripassu Definition: The term “paripassu” originates from Latin, translating to “equally” or “simultaneously.” In legal contexts, it signifies an equal or proportionate distribution or treatment among various parties or entities. When used in legal documents, agreements, or discussions, “paripassu” indicates […]
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MEANING AND USE OF THE LEGAL TERM: PER INCURIAM Definition: “Per incuriam” is a Latin legal term that translates to “through lack of care” or “through inadvertence.” It refers to a situation where a court decision or judgment has been made without considering or taking into account a relevant law or precedent that should have
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MEANING AND USE OF THE LEGAL TERMS: PARENSPATRIAE Definition: Parens Patriae is a Latin term that translates to “parent of the nation” in English. It represents the legal doctrine that grants the state or government inherent authority and responsibility to act as a guardian for individuals who are unable to take care of themselves, particularly
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INVESTING YOUR SINKING FUNDS: MAXIMIZING RETURNS SAFELY Investing Your Sinking Funds: Maximizing Returns Safely Investing your sinking funds is a smart strategy to grow your money while earmarking it for specific future expenses. Sinking funds, designated for predictable expenses like a new car, home repairs, or vacations, can benefit from smart investment decisions. Maximizing returns
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SINKING FUNDS: YOUR SECRET WEAPON FOR BIG LIFE EXPENSES Sinking funds are the quiet superheroes of financial planning, designed to rescue you from the chaos of unexpected large expenses. These funds serve as a strategic savings tool, helping you set aside money regularly for future costs you know are coming but might not be able
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CREATING A SINKING FUND STRATEGY FOR FINANCIAL STABILITY Creating a Sinking Fund Strategy for Financial Stability Financial stability is the cornerstone of a secure future. One powerful tool to ensure stability is a sinking fund strategy. By proactively setting aside money for specific purposes, individuals and businesses can navigate unexpected expenses and long-term financial goals
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SINKING FUNDS VS. EMERGENCY FUNDS: UNDERSTANDING THE KEY DIFFERENCES Financial planning involves more than just setting money aside. It’s about allocating funds purposefully for various needs that may arise. Two crucial components of this strategy are sinking funds and emergency funds. While they both involve saving money, they serve distinct purposes and play different roles
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THE POWER OF SINKING FUNDS: A COMPREHENSIVE GUIDE Sinking funds are a financial strategy that empowers individuals, businesses, and even governments to set money aside for specific future expenses. This comprehensive guide will delve into the concept, benefits, and strategies behind sinking funds. Understanding Sinking Funds Definition: Sinking funds involve regularly setting aside money for
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MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO SINKING FUND What is a sinking fund? A) A fund used to invest in sinking assets B) A fund set aside to repay debt obligations C) A fund for emergency expenses D) A fund for employee benefits Answer: B) A fund set aside to repay debt obligations Which of
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MEANING AND USE OF THE LEGAL TERM: ONUS PROBANDI The term “onus probandi,” often referred to simply as “onus,” originates from Latin and translates to “burden of proof” in English. In legal contexts, it denotes the responsibility placed upon a party to prove a specific assertion or allegation in a legal dispute or case. It
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MEANING AND USE OF THE LEGAL TERMS: OBITER Meaning and Use of the Legal Term: Obiter Definition: Obiter dictum, commonly referred to as “obiter,” is a Latin legal term that translates to “said in passing.” It represents remarks or comments made by a judge during a court case that are not directly relevant to the
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MEANING AND USE OF THE LEGAL TERMS: NUDUMPACTUM Meaning and Use of the Legal Term: Nudum Pactum Meaning: Nudum pactum is a Latin term that translates to “bare agreement” in English. It refers to a contract or agreement that lacks consideration, rendering it unenforceable in many legal systems. In contract law, consideration is a vital
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