Examlex
Gasoline can be refined so it will not knock as easily. This fuel has a high ____ value.
Negotiable
A term referring to a document or instrument that is transferable from one person to another in a form that is legally effective for the transfer.
Promissory Note
A written, legally binding agreement in which one party promises to pay another a specific sum of money by a set date.
Revised Article 3
An updated version of Article 3 of the Uniform Commercial Code (UCC) that governs negotiable instruments, including checks and promissory notes.
UCC
Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions in the United States.
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