Examlex
An operating budget is similar to a capital budget in that both are long-term budgets.
Uniform Commercial Code
A comprehensive set of laws governing commercial transactions in the United States, intended to standardize and simplify transactions.
Primarily Liable
Liable for paying the amount designated on an instrument when it is presented for payment.
Defaults
A failure to fulfill an obligation, especially to repay a loan on time.
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 protections.
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