Examlex
A supply curve slopes downward because of the law of supply.
Holder In Due Course
A legal term referring to an individual who has taken possession of a negotiable instrument in good faith, with the belief that it is valid, for value, and without notice of any defects.
Judicial Sale
A sale conducted under the supervision of a court where the property is sold to satisfy a judgment or to execute a court order.
Preceding Claim
A claim or legal demand made or recognized before another in time.
Without Recourse
A term indicating that the holder of a financial instrument cannot demand payment from the original issuer in case of default.
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