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If Dan's marginal utility from eating one apple is 100 utils and Jorge's marginal utility from eating one apple is 200 utils, it follows that Jorge likes apples more than Dan, assuming that Dan and Jorge measure the marginal utility of apples in exactly the same way.
Negotiability
Negotiability refers to the feature of certain documents, such as negotiable instruments, that allows them to be transferred or endorsed from one party to another, thereby guaranteeing payment to the holder.
Payable on Demand
A term indicating that a payment must be made by the debtor immediately upon the creditor's request.
Definite Time
Pertains to a specific, clearly defined period or moment at which something is scheduled to occur or be completed.
Revised Article 3
An updated part of the Uniform Commercial Code dealing with negotiable instruments, such as checks.
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