Examlex
Which of the following represents the last life-cycle force that we encounter?
Interest Accrue
The process by which interest is added to the principal sum of a loan or deposit, typically over time.
Instrument Due
This term refers to the date on which a financial instrument, such as a check or note, is payable.
Bearer
A person in the possession of an instrument payable to bearer or indorsed in blank.
Negotiable
Capable of being transferred or modified in terms of agreement or ownership through endorsement or delivery.
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