LESSER DEVELOPED COUNTRY (LDC)
A country with a struggling but developing economy.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A country with a struggling but developing economy.
Standard measure of surrounding medium toxicity. Half of the sample population (50%) of a specific test-animal in a specified period die from exposure via inhalation or respiration. As a toxicity comparison, LC50
Rent real estate to a tenant. Contrast to subletting. Here the tenant rents the property to a different tenant.
Goods, services, space, agreed-to prices, terms, and time are all particulars documented in what becomes a binding contract once the associated parties all sign it.
Formal acceptance of a position or award by the successful candidate using written communication. Details of a position including salary, perquisites, starting date, location of the reporting office, and the name of
A party is excused from sharing liabilities arising out of the agreement as a stated provision in said agreement.
Caution: Federal law prohibits dispensing without a prescription’ labeled drug.
Buyer’s or importer’s bank, known as the issuing bank makes a written commitment to the seller’s or exporter’s bank, known as the accepting bank, negotiating bank, or paying bank. A written commitment
Past-due customer prodding tool, urging the laggard to make a payment. Typically issued one after another. Tone and language get more direct (testy?) as additional letters go out, unless some money is
An importer self-obligates accepting a bill of exchange and, on its presentment at a certain bank, paying the stated amount, as documented in this letter. Securing that bank’s acceptance of an exporter’s
Outstanding principal balance, accrued interest, interest rebate, and early payment penalties, if any are documented and prepared by a lender for a borrower who is paying off a loan before the completion
Not a legal instrument. Information required by an executor to execute a will. Also refer to letter of wishes.
A bank or insurance company promises by this written confirmation to act as a 3rd-party on behalf of the first party in a transaction or contract. This 3rd-party covers loss or damage
Rank, authority, ability/limit for signing a legally binding contract, actions allowed, spending limit, or delegation rules and limits are all typical items documented in this type of written confirmation.
Offer by deed change to a debtor close to default. Intent is to allow the debtor time to liquidate assets, or arrange to settle the debts without being declared bankrupt. Some or
A bank obtains borrower’s written consent to seize an account for non-payment of a loan or other obligations. If a bank believes its normal, lawful right to setoff may be challenged, it
An allottee-stockholder-shareholder issues this written notification, renouncing or transferring new-issue allotted securities or rights to an issue to other stockholder(s).
The settlor or trustor establishing a trust gives written, non-binding instructions or guidance of the trustee. The settlor must avoid any impression that the settlor is trying to make the trustee a
Parent company gives written notice to a bank of good-faith intention of financial support for a subsidiary working to borrow money from the bank. Not a binding contract of support for the
Existing tenants recognize a new property owner as their landlord for the property they are renting through such a document.
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