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A holder in due course takes an instrument free from personal defenses but not universal defenses.
Profit
The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.
Payment
The act of transferring money or its equivalent in return for goods, services, or fulfilling an obligation.
Land Resources
Natural resources encompassing geographical territories and the natural materials available within them, such as water, minerals, and fertile land used for agriculture.
Money
Anything that is generally accepted in exchange for goods and services.
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