Examlex
A holder of a negotiable instrument cannot claim to be a holder in due course if (s) he:
Break-Even Point
The point at which total costs equal total revenue, meaning there is no profit or loss.
Total Sales
The aggregate revenue a company generates from selling goods or services within a specified period.
Fixed Costs
Costs that do not fluctuate with changes in production level or sales volume, such as rent, salaries, and insurance.
Margin Of Safety
The difference between actual or expected sales and the break-even point, indicating the level of risk in failing to cover fixed costs.
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