Examlex
Univeo Company reported the following on its income statement:
Commission
A fee or percentage of a transaction value paid to an agent or company for facilitating a service, such as a sale or real estate transaction.
Negotiable
Capable of being discussed and modified in a transaction or agreement.
Bearer Instrument
A financial document not assigned to a specific holder, thus whoever holds the document has the right to cash or transfer it.
Order Instrument
A financial instrument that is payable to a specific person or their order, thus requiring endorsement for transfer.
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