Examlex
What is an individual item on a graph or a chart?
Note
A written promise or obligation to pay a specified sum of money to a specified person at a specified time.
Secondary Liability
Secondary liability refers to a legal obligation that arises not from direct involvement in a wrongful act, but from a failure to properly oversee or control the primary party responsible, or from benefiting from the act.
Negotiable Instrument
An official paper that assures the delivery of a particular monetary amount, which can be demanded at any moment or at an agreed-upon time, identifying the person who will make the payment.
Default
The failure to fulfill an obligation, especially the failure to make payments on a loan.
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