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Financial law is the law and regulation of the commercial banking, capital markets, insurance, derivatives and investment management sectors. [1] Understanding financial law is crucial to appreciating the creation and formation of banking and financial regulation, as well as the legal framework for finance generally.
Principal (academia), the chief executive of a university Principal (education), the head of a school; Principal (civil service) or principal officer, the senior management level in the UK Civil Service; Principal dancer, the top rank in ballet; Principal (music), the top rank in an orchestra
The first-referenced meaning of the law – "Work expands to fill the available time" – has sprouted several corollaries, the best known being the Stock-Sanford corollary to Parkinson's law: If you wait until the last minute, it only takes a minute to do. [2] the Asimov corollary to Parkinson's law:
Public finance refers to the monetary resources available to governments and also to the study of finance within government and role of the government in the economy. [1] Within academic settings, public finance is a widely studied subject in many branches of political science , political economy and public economics .
Legal jurisdictions which provide for apparent authority include the United States, the United Kingdom, Australia, Canada and South Africa.The doctrine of apparent authority is based on the concept of estoppel, thus, it prevents the principal from denying the existence of agency to a third party, provided that a representation, as to the agent's authority, has been made by him to the third ...
Financial regulation is a broad set of policies that apply to the financial sector in most jurisdictions, justified by two main features of finance: systemic risk, which implies that the failure of financial firms involves public interest considerations; and information asymmetry, which justifies curbs on freedom of contract in selected areas of financial services, particularly those that ...
In commercial law, a principal is a person, legal or natural, who authorizes an agent to act to create one or more legal relationships with a third party. This branch of law is called agency and relies on the common law proposition qui facit per alium, facit per se (from Latin : "he who acts through another, acts personally").
The arm's length principle (ALP) is the condition or the fact that the parties of a transaction are independent and on an equal footing. [1] Such a transaction is known as an "arm's-length transaction".