Examlex
All of the following observations concerning off-balance-sheet arrangements are true, EXCEPT:
Silversmith
An artisan specializing in the creation and manipulation of silver into functional items, jewelry, or art.
Restrictive Indorsement
An indorsement in which words have been added to the signature of the indorser that specify the purpose of the indorsement or the use to be made of the commercial paper, such as “for deposit only.”
Dishonored
Refers to a failure in fulfilling an obligation, such as a check not being paid because of insufficient funds.
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