Examlex
Credit derivatives allow FIs to reduce credit risks without removing loan assets from their balance sheet.
Customer
An individual or entity that purchases goods or services from another individual or entity, usually in a retail or business-to-business context.
Negotiable Instruments
Negotiable instruments are financial documents representing a promise to pay a specified amount of money, such as checks, promissory notes, and bills of exchange.
UCC Article 3
It governs negotiable instruments, including checks and notes, within the Uniform Commercial Code.
Checks
Financial instruments that instruct a bank to pay a specific amount of money from the writer's account to the person or entity in whose name the check has been issued.
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