Examlex
When the humidity is high, ____________________ is not an effective heat-loss mechanism.
Order Instrument
A financial instrument that is payable to a specific person or their order, thus requiring endorsement for transfer.
Bearer Instrument
A negotiable financial instrument, such as a check or bond, that entitles the holder in possession to the rights of the instrument, with no need to prove ownership.
Assignee
The party who receives rights or interests in a contract from the assignor.
Holder
An individual or entity that legally possesses a negotiable instrument, such as a check or promissory note, and has the right to enforce its terms.
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