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What Is Consolidation

question 165

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What is consolidation?


Definitions:

Negotiable Instrument

A transferable document signed by the maker or drawer, promising to pay the holder a sum of money at a future date or on demand.

Contractual Rights

These are rights specifically granted to parties within a contract, allowing them to demand the performance of certain duties by others within the agreement.

Assignment

The transfer of rights under a contract to another party.

Negotiation

Direct communication between the parties to a dispute in an effort to resolve the problems without third-party intervention; transferring negotiable instruments to third parties.

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