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If Australia imposes a tariff on imported cars, the
Conditionally Liable
Refers to a legal obligation that becomes enforceable only upon the occurrence of a specified condition.
Stated Amount
The specified value or sum agreed upon in a contract for the provision of goods, services, or coverage.
Negotiable Instrument
A formal paper assuring the disbursement of a specified amount of funds, which could be paid either immediately when requested or at a scheduled time, with the document identifying the payor.
Demand Instrument
A type of draft that allows the payee to demand payment at any time from a holder.
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