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Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money to the bearer or a named party, either on demand or at a set time.
Value
The importance, worth, or usefulness of something, often determined by the demand for it in the market or its inherent qualities.
Simple Consideration
The minimal requirement of value that must be exchanged between parties entering into a contract, for the contract to be considered valid.
Indorsement
The act of signing the back of a negotiable financial instrument, thereby making it payable to someone other than the named holder.
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