Examlex
Billy throws rocks.Each time he throws a rock,he is immediately spanked.Spanking is a ________.
90-Day Note
A financial instrument promising payment of a specific sum to the holder 90 days after issuance.
Variable Rate
An interest rate that can fluctuate over the duration of a loan or financial product based on changes in benchmark interest rates or market conditions.
Revised Article 3
An updated part of the Uniform Commercial Code dealing with negotiable instruments like checks and promissory notes, focusing on modernizing and clarifying the law.
Drawee
The party upon whom a check, draft, or bill of exchange is drawn and who is responsible for paying it.
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