a duty imposed by contract or law. It is also used to describe a security or other financial instrument, such as a bond or promissory note, which contains the issuer’s undertaking to pay the owner.
source: bank for international settlements
a duty imposed by contract or law. It is also used to describe a security or other financial instrument, such as a bond or promissory note, which contains the issuer’s undertaking to pay the owner.
source: bank for international settlements
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