Examlex
Causation means that a change in one variable will produce a change in another
Holder in Due Course
A legal term for someone who has acquired a negotiable instrument in good faith and for value, and thus has certain protections against defenses and claims that could be asserted against the original payee.
Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money, either on-demand or at a set time, with the payee able to transfer it to another holder.
Transferred
Moved or shifted from one place, person, or entity to another.
Claim in Recoupment
A legal claim made by a defendant in a lawsuit to offset or reduce the amount of damages claimed by the plaintiff, based on related transactions.
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