Examlex
The extent of need for a program or service always is accurately gauged by the amount of expressed demand for that program or service.
Commercially Reasonable
Actions that a prudent individual or entity would take in a commercial context, considering the circumstances reasonably expected in such a situation.
Notice Of Dishonor
A formal notification that a negotiable instrument, such as a check or draft, has been presented for payment and has been dishonored due to insufficient funds or other reasons.
UCC
The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, including sales, negotiable instruments, and secured transactions.
Collecting Bank
A bank that handles the presentation of payment documents, such as checks, for a depositor.
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