Examlex
Massive and unpredictable changes occur in some industries, but less so in others.
Tender of Payment
An offer of money or its equivalent to satisfy a debt, made by a debtor to a creditor.
Face Amount
The sum of money stated on the face of a financial document, such as an insurance policy, bond, or certificate, that is payable at maturity.
Interest Accrued
Interest that has been earned but not yet paid.
Without Recourse
A term indicating that the holder of a financial instrument cannot demand payment from the original issuer or underwriter in the event of non-payment by the borrower.
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