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The Northern Hemisphere is sometimes describe as the water hemisphere.
Holder
Someone who legally possesses a negotiable instrument, such as a check or bond, and has the right to enforce it.
Instrument
In legal and financial contexts, a formal document like a contract, will, or negotiable instrument that establishes legal rights and obligations.
Value Requirement
The necessity for something to have worth, importance, or significance in a specific context, often used in legal and financial settings to assess validity or enforceability.
Holder in Due Course
A person who possesses a negotiable instrument for payment in good faith and without knowledge that it is overdue or has been dishonored.
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