A Standard That Takes into Account the Reality That Some

question 96

Short Answer

A standard that takes into account the reality that some loss usually occurs with any process under normal application of the process is known as a ________ standard.

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Definitions:

UCC

The Uniform Commercial Code is an extensive collection of regulations that oversee every commercial transaction across the United States.

Electronic Negotiable Instruments

Financial instruments that are signed electronically and promise to pay a certain sum of money to the bearer or assigned party.

Money Order

A type of draft that may be purchased from banks, post offices, telegraph companies, and express companies as a substitute for a check.

Draft

A preliminary version of a piece of writing, document, or plan which is subject to further revision or editing.