Examlex
Backdating of stock options is unethical because:
Payable
Describes an amount of money that is owed and should be paid to a person or organization.
Qualified Endorsement
A type of endorsement on a negotiable instrument, which limits the liability of the endorser.
Without Recourse
A term indicating that the seller of a financial instrument assumes no liability if the instrument fails to perform.
Qualified Endorsement
An endorsement on a negotiable instrument that includes conditions limiting the liability of the endorser.
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