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The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ Go Premium Index — Click the ᐅ to expand: Glossary Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

To breach a fundamental term of a contract, entitling the non-defaulting party to terminate it and sue for damages (whether or not that party actually does so).

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