Examlex
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Negotiable Instrument
A legal document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee able to transfer it to another holder.
Endorsement
A signature or stamp on a document or instrument that signifies approval, support, or transfer of rights.
Subsequent Holder
An individual or entity that obtains a negotiable instrument after its initial issuance, under certain conditions that preserve the instrument's negotiable status.
Indemnity
A primary obligation of a third party to pay a debt along with the debtor
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