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Regulators and advocates argue that licensure is appropriate because it:
Holder in Due Course
A party who has acquired a negotiable instrument in good faith, for value, and without notice of any defects, and thus has certain legal protections.
Protections
Measures or provisions put in place to guard against harm, damage, or legal infringement, particularly in legal, economic, and technological contexts.
Negotiable Instrument
A textual document that pledges the payment of an exact monetary amount, to be made either when asked or at a predetermined time, and it specifies who will make the payment.
Sum Certain
A legal term referring to a specified or fixed amount of money.
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