Examlex
Explain binding arbitration.
On Time
The state of completing or arriving at a specified action or event at the scheduled or expected time.
Accommodated Party
In financial transactions, the party whose benefit a guarantee or letter of credit is issued, thus facilitating their access to credit.
Accommodation Party
An individual who signs a negotiable instrument on behalf of another party, typically to lend them their credit without receiving personal benefit.
Pay Note
A written promise to pay a specified sum of money to a designated party, also known as a promissory note.
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