Examlex
The operating expense ratio of a building is determined by dividing the total operating expenses by the effective gross income.
Promissory Note
A financial instrument involving a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.
Presentment
The act of formally presenting a document, such as a check or draft, for acceptance or payment.
Dishonored
Refers to a financial instrument (check, promissory note) that is not accepted or paid upon presentation.
Primarily Liable
Being the first or main party responsible for fulfilling a debt or obligation.
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Q78: Both fiat money and real savings represent