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Representative, fiat, and credit monies are more efficient than commodity money.
Transfer Warranty
A guarantee in legal documents, especially in sales of goods, assuring the recipient that the transferor has valid title and that the transfer is rightful.
Presentment Warranty
Assurance given in a transaction that certain facts are true as of the time of the deal, generally related to financial instruments.
Draft
A preliminary version of a document, plan, or design that is open for discussion, revision, or improvement.
Forged
Refers to the illegal creation, alteration, or imitation of documents, signatures, or objects with the intent to deceive.
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