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In a two-tiered client/server arrangement, data can be found on each PC's hard drive and data can be in a database at the server.
UCC 3-103(a)(9)
Defines "instrument" within the context of the Uniform Commercial Code, focusing on negotiable instruments, including checks, drafts, and notes, detailing their formal requirements and effects.
Specified
Clearly stated or identified.
Implied
Something suggested or understood without being directly expressed.
Traveler's Check
A preprinted, fixed-amount check designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for this privilege.
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