Examlex
A _____is binding and directly applicable in all member states; and a _____sets forth the result to be achieved but leaves to the individual states the responsibility to employ the appropriate steps.
Loss
Loss refers to the reduction in value of an asset, or a decrease in financial wealth due to expenses exceeding revenues.
Transferred
The act of moving or conveying something from one place, person, or entity to another.
Ordinary Holder
A term used in finance to describe a person in possession of a negotiable instrument, like a check or bond, who has certain rights to it.
HDC (Holder in Due Course)
A party that has acquired a negotiable instrument in good faith and for value, therefore enjoying certain legal protections.
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