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Indorsee
The person to whom the rights under a negotiable instrument are transferred by way of endorsement.
Payment
A transfer of money or goods from one party to another in exchange for goods, services, or to fulfill a legal obligation.
Article 3
Typically refers to a specific section within a larger document, like a constitution or treaty, where its contents vary depending on the document.
Depositary Bank
A financial institution that holds and manages the deposits of securities, facilitating the exchange and protection of securities certificates.
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