Define the Following Terms: Virgil

question 70

Short Answer

Define the following terms: Virgil

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Definitions:

Transferability

The ability of a financial instrument, asset, or property right to be transferred from one party to another.

Instrument

A legal document formally recording a right, liability, or transaction.

Payment

The act of providing money or other compensation to fulfill a transaction or obligation.

Order Paper

A financial or legal document that is payable to the holder or the individual whose name appears on the document.