Examlex
The conservation of mass law states that matter can neither be created nor destroyed during a chemical reaction.
Indorsement
The act of signing the back of a financial instrument, thereby transferring ownership or validating the document.
Negotiated
Pertains to the process of discussing and reaching an agreement on the terms of a contract, settlement, or understanding between parties.
Nonnegotiable
Nonnegotiable refers to something that cannot be negotiated or altered, such as a fixed term in a contract or a financial instrument with terms that cannot be changed.
Without Recourse
This refers to a provision in an agreement that exempts the seller from liability or obligation to the buyer in case of some failure on the part of the products or services sold.
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