The liquidated damages that the Employer requires the Employee to pay may not exceed the portion of the training expenses allocable to the unperformed portion of the term of service.
Reconveyance - An instrument used to transfer title from a trustee to the equitable owner of real estate. when title is held as collateral security for a debt .
We all know how that worked out for many of the players, but firms that survived relatively unscathed did so because they didn't just focus on the average default rates when analyzing investments.
A default on the debt would trigger market crashes that would crush business and consumer confidence that could further shock the financial system and throw the economy into a recession.
Speaker Kevin McCarthy has been pessimistic as talks have occurred on the staff level for the past week to try to avoid the nation's first ever debt default.