Examlex
For each of the following sentences ,select the word or group of words that best completes the statement.
-__________ is an account that can only exist if one company purchases another business and the cost exceeds the fair market values of the identifiable net assets at the time acquired.
Negotiability
The quality of being transferable by endorsement or delivery so as to enable the holder to pass title to a third party.
Cashier's Check
A bank-issued check that is drawn from the bank's own funds and signed by a cashier, commonly used for significant transactions requiring guaranteed funds.
Certificate of Deposit
A financial product offered by banks that locks in a sum of money for a fixed period, offering higher interest rates than regular savings accounts.
Maker
The individual or entity that creates or issues a promissory note and is responsible for repaying the debt specified in that note.
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