Examlex
Products that are ________ complex are easier to duplicate than those that are ________ complex.
Secondarily Liable
Someone who is secondarily liable holds responsibility to fulfill an obligation if the primary party fails to do so, commonly seen in guarantor or co-signer financial arrangements.
Payable
Refers to money that is owed by a person or company and must be paid to another party.
Obligation
A legal or moral duty to do or not do something, often with legal implications if not fulfilled.
Indorses
Refers to the act of signing the back of a financial document, thus transferring rights or ownership.
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