Examlex
The two-way table summarizes data from the human resource department at a university:
New Hires
What is the probability (rounded to two decimal places) of a randomly selected new hire being tenure track given that the new hire is a woman?
Worthless Securities
Financial instruments that have lost all monetary value, often resulting in a total loss for the holder.
Holder in Due Course
A legal term for a person who has acquired a negotiable instrument in good faith and for value, and thus has certain rights to it free from many defenses.
Restrictive Indorsement
A signature on a negotiable instrument, such as a check, that limits how the instrument can be used.
Depositary Banks
Banks that hold securities (such as shares or bonds) in custody for other parties, facilitating securities trades and dividend payments.
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