Examlex
Transactive memory:
Acceptor
The party who agrees to pay a bill of exchange, such as a draft or check, upon its presentation.
Primarily Liable
Being the first or main party responsible for fulfilling an obligation or debt.
Notice Of Dishonor
A formal notification that a negotiable instrument, such as a check or promissory note, has been presented for payment and refused.
Severe Weather Warning
An advisory issued by meteorological organizations to inform the public of impending dangerous weather conditions.
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