What is ABSTRACTION PRINCIPLE?

A credit rule that stipulates a credit is not affected by its underlying agreement or contract. This is also called the autonomy principle

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Related Legal Terms
AUTONOMY PRINCIPLE, WRONGFUL ABSTRACTION, PRECAUTIONARY PRINCIPLE, PRINCIPLE,, PETER PRINCIPLE, AMBIGUITY PRINCIPLE, ACCELERATION PRINCIPLE, CHANGE IN ACCOUNTING PRINCIPLE, PARETO PRINCIPLE, ACCELERATOR PRINCIPLE


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