Examlex
All of the following statements are true EXCEPT:
Issued
Released or distributed officially by an authority, such as documents, currency, or rulings.
Bank Clears
The process by which a bank processes transactions and settles payments between parties.
Negotiability
The quality of a financial instrument that allows it to be transferred or assigned from one party to another in exchange for value.
Sum Certain In Money
A specified, fixed, or exact amount of money that is owed or due to be paid under a contract or agreement.
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