Examlex
The Making Ethical Decisions box titled, "To Cross or Not to Cross?" discusses:
Indorsement
A legal term referring to the signing of a document, usually on its back, for the purpose of transferring rights to another individual.
Executory Promise
A commitment in a contract that has not yet been fulfilled or carried out by one or both parties.
Negotiable Instrument
A written promise certifying the payment of a certain sum of money, either upon request or at a predetermined date, with the document specifying the individual responsible for payment.
Value
Under the Code (except for negotiable instruments and bank collections), generally any consideration sufficient to support a simple contract.
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