Examlex
The sum of the coins and currencies in the bank's vault and its deposit in the Fed is called:
Fiduciary Duty
An obligation to act in the best interest of another party, for instance, the duty a trustee has towards the beneficiaries of the trust.
Indorsee
The person to whom a negotiable instrument (like a check or promissory note) is endorsed or transferred.
Indorser
A person who signs a negotiable instrument, such as a check, over to another party, transferring ownership.
Qualified Indorsement
An endorsement on a negotiable instrument that limits the liability of the indorser or specifies conditions for the payment.
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