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_____ Refers to Something Given to Improve a Situation or State

question 83

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_____ refers to something given to improve a situation or state for a buyer.


Definitions:

Holder

An individual or entity that legally possesses a negotiable instrument, like a check or bond, and has the right to enforce its terms.

Immunity

A provision or status that protects a person or entity from legal action or liability under certain conditions.

Drawee

The party directed by a drafter (e.g., the issuer of a check) to pay a certain sum of money to the party named in the document.

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