The Term "A.m

question 172

Multiple Choice

The term "a.m."

• A) was first used in the 1880s.
• B) refers to standard time at Greenwich.
• C) is no longer used by most of the world.
• D) means "before solar noon".
• E) means "at solar noon".

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Definitions:

Demand Negotiable Note

A written, unconditional promise to pay a certain amount of money upon demand to the bearer or at a specified time.

Altered to Read

The modification or editing of text or documents such that the content is changed to convey a different message or information.

Holder in Due Course

A holder in due course is a party in possession of a negotiable instrument, such as a check, who has taken it under certain conditions, protecting them from prior claims and defenses.

Consumer Credit Contract

An agreement between a borrower and a lender in which the borrower receives something of value now and agrees to repay the lender at a future date, usually with interest.