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In exchange for passage and food and shelter the person agreed to work for the provider for certain amount of years is called?
This arrangement is known as indentured servitude. Individuals who entered into this contract, called indentured servants, agreed to work for a specified number of years in exchange for passage to a new location, along with food and shelter. This practice was particularly common in the 17th and 18th centuries, especially in American colonies, as a means to address labor shortages.
Which group of colonist came the colonies from England under contract to work a certain number of years?
Indentured servants.
The History of Future Contracts and Future Prices?
The future prices represent the agreed upon monetary value for certain assets. The buyer and seller come to a compromise on when the asset will be sold; they also agree to a future date for this transaction. The futures contract is a written document between these two parties for the transaction. There is an exchange that exists solely for the trading of futures contracts. The futures contract is totally different from direct securities. For example, stocks, bonds, and warrants are all examples of direct securities. The purchaser of the futures contract is willing to take a long position for the future prices. The seller in the transaction takes a short position in this transaction. The main influence on future prices is supply and demand. This factor has the greatest influence on the entire process. In addition, the underlying asset does not have to be a commodity. Commodities are things like currencies, financial instruments, and securities. Another factor in the transaction is the delivery date of the contract. This date can also be referred to as the future date. This is the date that the contract must be delivered. The history of future prices can be traced all the way back to Japan in the 1730's. In 1864 the Chicago Board of Trade listed the first forward exchange contract. This contract was based on grain, and this contract also started a trend. A number of futures exchanges were set up around the world. By the year 1875, cotton was being traded in Mumbai. In the next few years the trade expanded to raw jute, jute goods, and edible oilseeds complex. The futures prices are stabilized by the futures contract being liquid. This is possible because the contract is highly standardized. The futures contract specifies the underlying asset or instrument. This can be a barrel of crude oil, or this can be a short term interest rate. The type of settlement is also specified. The settlement can be cash or physical. Another example is the contract in which the futures contract is quoted. Also, the quality and grade of the deliverable is factored into the equation. When it comes to bonds, the contract specifies which bonds can be delivered. Another factor affecting future prices is the credit risk. For instance, the trader must post a performance bond to reduce the risk. The amount of the performance bond is typically 5%-15% of the contract value.
Are steam engines still used in modern industries and transportation systems today?
Yes, steam engines are still used in some modern industries and transportation systems today, although they are not as common as they once were. They are primarily used in niche applications where their unique capabilities are advantageous, such as in certain power plants and heritage railways.
What is a loyal vassal?
A loyal vassal is the name given to a person who enters into an agreement with a monarch or lord. They give military support and protection in exchange for certain privileges such as being given land.
What were indentured servants?
Indentured servants were individuals who agreed to work for a certain number of years in exchange for passage to a new country or other benefits. They were commonly used in the American colonies during the 17th and 18th centuries to address labor shortages, especially in agriculture and manual work. Once their contract expired, they were free to work for themselves or for wages.
Can you deduct travel expenses on your taxes?
Yes, you can deduct certain travel expenses on your taxes if they are related to business purposes. This includes expenses such as transportation, lodging, and meals while away from home for work.
What is a contract of natural gas when traded on the merchnatile exchange board of trade?
A contract of natural gas traded at the Chicago Mercantile exchange is a contract to take delivery of a certain amount of natural gas at a specified time. The contract will state the amount, the price and when the natural gas will be delivered.
What was the contract of work for passage to America?
The contract of work in exchange for passage to America was known as indentured servitude. A person signed a paper agreeing to work for someone a certain number of years in exchange for a ticket to the New World.
What are the components of an offer?
An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.
What is the name for a person who made a contract to work for a certain number of years in exchange for passage to the New World and a place?
An indentured servant
What is the name for a person Who Made a contract to work for a number of years in Certain exchange for passage to the New World and a place to live?
An indentured servant
What is the name for a person who made a contract to work for a certain number of years in exchange for passage to new world and place to live?
An indentured servant
What is the name of a person who made a contract to work for a certain number of years in exchange for passage to the new world and a place to live?
An indentured servant
What is the name for a person who made a contract to work for a certain number of years in exchange for a passage to the new world and a place to live?
An indentured servant
What is the name for a person who made a contract to work for a certain number of years in exchange of passage to the new world and a place to live?
An indentured servant
What is the name for a person who made a contract to work for a certain number of years in exchange for passage to New World and a place to live?
An indentured servant
