Examlex
When borrowers go directly to savers for funds,it is called:
Good Faith
Acting with honesty and sincerity without any intention to defraud or seek undue advantage.
Without Recourse
A term indicating that the seller or transferor of a financial instrument is not liable to the buyer or transferee in case of default.
Discharged
Refers to the completion or termination of a legal obligation or debt.
Primary Liability
The direct responsibility to pay a debt or fulfill an obligation, without relying on another to first default.
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