单词 | waiver of demand |
释义 | waiver of demandDefinition The release of the responsibility for payment upon a predetermined due date by the endorser of a note where written or verbal, expressed or implied, assent was given prior to the due date. For example, if the payor of a note requests an extension of time for payment beyond the maturity date and the payee grants the request, it is an implied waiver of demand for payment. |
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