Examlex
One benefit of a longer distribution channel is that it cuts selling costs when the degree of fragmentation of the retail sector is less.
Indorsements
The act of signing a document, typically on the back of a negotiable instrument like a check, signifying agreement, approval, or endorsement of its contents.
Indorsee
The person to whom the rights under a negotiable instrument are transferred by way of endorsement.
Payment
A transfer of money or goods from one party to another in exchange for goods, services, or to fulfill a legal obligation.
Article 3
Typically refers to a specific section within a larger document, like a constitution or treaty, where its contents vary depending on the document.
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