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Restrictive Indorsement
An endorsement on a negotiable instrument that limits the way the instrument can be further transferred or conditions under which it can be cashed.
Personal Defenses
Legal strategies individuals use to challenge accusations or claims brought against them in court.
Inducement
The act of persuading or influencing someone to act, often involving an incentive or reward.
Without Recourse
A term indicating that the holder of a financial instrument cannot demand payment from the original promisor if the instrument defaults.
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