Examlex
One reason why small business concerns have very low dividend payout ratios is that the firm ____.
Promissory Note
A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.
Reasonable Identification
Identification that is deemed sufficient by law or regulation to reliably establish an individual’s identity.
Notification of Dishonor
A formal notice given to the parties involved in a negotiable instrument (like a check or promissory note) indicating that payment has failed or been refused.
Drawer Secondarily Liable
The obligation of the drawer of a negotiable instrument, such as a check, to pay if the primary party fails to do so.
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