Sentence examples for terms are fair from inspiring English sources
But bargains still require judicial approval; judges must determine that the proposed terms are "fair, reasonable, adequate, and in the public interest".
"We believe the amended terms are fair to all sides and reflect the value and risks of the Bear Stearns franchise," said JP Morgan's chief executive, Jamie Dimon.
She also checks with her sales team to approve every deal, making sure the sales terms are fair and that the pitch is interesting and legitimate.
"We believe the amended terms are fair to all sides and reflect the value and risks of the Bear Stearns franchise," Jamie Dimon, the chief executive of JPMorgan, said in 2008.
The judge on Wednesday ordered the parties to notify shareholders to allow them to file objections, and set a March 27 hearing to determine whether the terms are fair to the class.
When the company says "these leases were not the result of arms-length negotiations," it means no disinterested party has checked to see if the terms are fair to both sides.
"These terms were fair and right in the context and I accepted them," he added.
He said the proposed terms were "fair, even generous given what we think is the risk of the litigation".
Rejecting these and all other objections, Judge Reed concluded that the settlement terms were fair and had been negotiated without collusion.
Many bond deals over the last decade were so complex it was hard for local officials to even understand how they worked, much less confirm that the terms were fair.
