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Domestic Currency
The legal currency issued by a country's central bank or monetary authority that is used for transactions within the country.
UCC
The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, including sales, leases, and negotiable instruments.
Check
A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a named party.
Holder in Due Course
A legal term describing a person who has acquired a negotiable instrument in good faith and has the right to collect on it, free from many defenses.
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