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en
MA
Vocabulary Terms
9
document of title : Formal commercial document (such as bill of sale, certificate of title, title deed) or shipping document (such as a bill of lading, dock receipt, warehouse receipt) that confers and/or proves ownership.
collateral : is a borrower's pledge of specific property to a lender, to secure repayment of a loan.
cosigning : refers to executing an agreement or other document in concert with another, and should not be confused with "counter-signing", which refers to the act of executing a document as an agent in behalf of another, such as a corporation or other legal person, or as an attorney-in-fact on behalf of one's principal.
guarantor : a person, organization, or thing that guarantees something.
principal : the person with the highest authority or most important position in an organization, institution, or group.
bilateral contract : an agreement in which the parties exchange promises for each to do something in the future.
negotiable contract : is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, with the payer named on the document.
bill of sale : a certificate of transfer of personal property.
stock : the goods or merchandise kept on the premises of a business or warehouse and available for sale or distribution.
Vocabulary Terms
| 1. | document of title | A. | refers to executing an agreement or other document in concert with another, and should not be confused with "counter-signing", which refers to the act of executing a document as an agent in behalf of another, such as a corporation or other legal person, or as an attorney-in-fact on behalf of one's principal. |
| 2. | collateral | B. | is a borrower's pledge of specific property to a lender, to secure repayment of a loan. |
| 3. | cosigning | C. | Formal commercial document (such as bill of sale, certificate of title, title deed) or shipping document (such as a bill of lading, dock receipt, warehouse receipt) that confers and/or proves ownership. |
| 4. | guarantor | D. | the goods or merchandise kept on the premises of a business or warehouse and available for sale or distribution. |
| 5. | principal | E. | a person, organization, or thing that guarantees something. |
| 6. | bilateral contract | F. | the person with the highest authority or most important position in an organization, institution, or group. |
| 7. | negotiable contract | G. | an agreement in which the parties exchange promises for each to do something in the future. |
| 8. | bill of sale | H. | is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, with the payer named on the document. |
| 9. | stock | I. | a certificate of transfer of personal property. |
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Vocabulary Terms
| 1. | document of title → C |
| 2. | collateral → B |
| 3. | cosigning → A |
| 4. | guarantor → E |
| 5. | principal → F |
| 6. | bilateral contract → G |
| 7. | negotiable contract → H |
| 8. | bill of sale → I |
| 9. | stock → D |
© 2015
PuzzleFast.com, Noncommercial Use Only