Examlex
Technician A says electrical circuit resistance causes voltage drop. Technician B says high-resistance problems cause an increase in current flow. Who is correct?
HDC
Refers to a Holder in Due Course, a legal term describing a party that has acquired a negotiable instrument under certain conditions, protecting them against certain defenses.
Presentment Warranties
Guarantees made by the presenter of a negotiable instrument that certain facts are true at the time of negotiation.
Altered Instrument
A legal term referring to a document, particularly a negotiable instrument, that has been illegally modified in a way that changes its original terms.
Collateral
Under Article 9 of the Uniform Commercial Code, the property subject to a security interest.
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