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Trading Terms

Recourse

A bill of exchange entitles the holder to demand payment from someone other than the initial acceptor, known as the right of recourse. This can be done through endorsement, which may or may not hold the endorser liable. A holder can endorse a bill without recourse, relieving themselves of any liability to subsequent holders.
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Legal contracts that represent financial value, such as stocks, bonds, options, futures, and various
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A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used
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