Examlex
What is the team approach to departmentalization, and what are its main disadvantages?
Special Indorsement
A type of endorsement on a negotiable instrument that specifies the person to whom, or to whose order, the instrument is payable.
Indorsement
The act of signing the back of a financial instrument, thereby transferring ownership or validating the document.
Negotiated
Pertains to the process of discussing and reaching an agreement on the terms of a contract, settlement, or understanding between parties.
Nonnegotiable
Nonnegotiable refers to something that cannot be negotiated or altered, such as a fixed term in a contract or a financial instrument with terms that cannot be changed.
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