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term:
Economic Duress
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economic duress n
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: wrongful or unlawful conduct that creates fear of economic hardship which prevents the exercise of free will in engaging in a business transaction
;also
: the defense of economic duress called also business compulsion
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.