Examlex
Proration is the spreading of underallocated or overallocated overhead among ending work in process, finished goods, and costs of goods sold.
Dishonor
To refuse to accept or pay a draft or a promissory note when it is properly presented. An instrument is dishonored when presentment is properly made and acceptance or payment is refused or cannot be obtained within the prescribed time.
Handwriting
The act or practice of writing done with the hand, using instruments such as a pen or pencil, which can be unique to each individual.
Validity
Refers to the legal effectiveness and enforceability of a contract or legal document.
HDC Status
Refers to Holder in Due Course status, a term in the Uniform Commercial Code that represents a party who has acquired a negotiable instrument under certain conditions that provide protection from defenses and claims that could impair the right to enforce the instrument.
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