Examlex
If an overlap develops between the ranges of two closely related species, and if the species occupy the same niche in the zone of overlap, what will probably happen in the zone of overlap?
Instrument
In legal and financial contexts, a formal document, such as a contract, will, or security, that has a legal effect or is meant to convey rights or obligations.
Original Payee
The initial recipient to whom a financial instrument, such as a check or promissory note, is made payable.
Revised Article 3
An update or modification to Article 3 of the Uniform Commercial Code (UCC), which governs negotiable instruments including checks and promissory notes.
Holder by Negotiation
Holder by negotiation refers to a person who has obtained possession of a negotiable instrument, such as a check, in a manner consistent with the statute's requirements for transfer, thereby acquiring the right to payment.
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