Examlex
What are the chances that a carrier of sickle cell and a healthy person will have a child who has sickle cell?
Holder
A legal term referring to an individual or entity that possesses a negotiable instrument, such as a check or promissory note, and has the right to collect and enforce the instrument.
Dishonored
A term commonly used in banking and finance referring to a cheque or payment that has been refused or cannot be processed.
Drawee
The party that must obey an order. In the context of banking, the drawee is the bank that must pay the funds ordered by a customer’s check.
Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money to a specified person, which can be transferred by endorsement or delivery.
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