Examlex
Which of the following is best to use when valuing a financial institution?
Holder in Due Course
Refers to a party who has acquired a negotiable instrument in good faith and for value, thereby having certain protections against defenses and claims that could be asserted by prior parties.
Outstanding Debt
The total amount of borrowed money that is still owed to lenders and has not yet been repaid.
Executory Promise
An agreement between parties that has not yet been fulfilled or completed.
Valid Consideration
Something of legally sufficient value that is exchanged between parties in a contract, forming the basis for the agreement.
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