Examlex
An application of good internal control over cash disbursements is
HDC Rights
Rights held by a Holder in Due Course, a party that has acquired a negotiable instrument in good faith and for value, thereby having certain protections.
Title
Legal ownership of property or assets.
Few Exceptions
A small number of instances or cases that do not follow the general rule.
HDC
Stands for Holder in Due Course, referring to a party that has acquired a negotiable instrument in good faith and for value, thus having certain rights above the original parties.
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