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Research sometimes finds that high need for Achievement people are ineffective when placed in positions of great responsibility. Researchers say this is probably because these people
Endorsers Discharged
Refers to the situation where endorsers (persons who sign documents, typically negotiable instruments, to endorse them) are released from their obligations under the instrument.
Promissory Note
A financial instrument that contains a written promise by one party to pay another party a specified sum of money either on demand or at a specified future date.
Discharged Liability
Refers to a debt or obligation that has been fulfilled, canceled, or extinguished, relieving the debtor of any further responsibility.
Accommodation Party
A party who signs an instrument to provide credit for another party who has also signed the instrument.
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