Examlex
By the year 2025, the computer giant Cisco anticipates that there will be 50 billion networked devices throughout the world. This is generally referred to as:
Charge Account
An arrangement allowing customers to purchase goods or services on credit and settle the balance periodically, without immediate payment at each transaction.
Maker
The individual or entity that creates or signs a negotiable instrument, committing themselves to pay a specified amount of money to the payee or holder.
Primarily Liable
The primary obligation or responsibility to fulfill a debt or legal duty before others are considered liable.
Indorsers
Individuals who sign a negotiable instrument, other than as its maker, drawer, or acceptor, thereby assuming liability to future holders.
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