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Trading Terms

Case of need

In the realm of finance, the individual who issues a bill, as well as any individual who endorses it, have the authority to declare the name of a third party who can be approached by the holder in the event that the bill is rejected or not paid. This designated third party is referred to as the "referee in case of need."
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A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used
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