Examlex
Escalation of commitment is the tendency for people to base judgments of probability on things with which they have had experience with in the past.
Negotiability
The quality of a financial instrument that allows it to be transferred from one party to another with minimal legal restrictions.
Sum Certain
A specified, fixed amount of money that is agreed upon in a financial or legal document, leaving no ambiguity regarding the amount.
Requirements
Specific criteria or conditions that must be met in order to fulfill an agreement or complete a project.
Bearer Instrument
A bearer instrument is a type of document that allows the holder to claim the rights or assets it represents without endorsing or proving ownership.
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