Examlex
What is the meaning of functional knowledge?
Check Conversion
The process of electronically transforming a paper check into an electronic payment, speeding up the transaction process.
Holder in Due Course
A legal term for a person who has acquired a negotiable instrument in good faith and for value, thereby having certain protections.
Fixed Amount Requirement
A stipulation that requires a specific, predetermined amount of money to be paid or received in a transaction or contract.
Negotiable Instruments
Written documents guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer's name written on it.
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