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Investments glossary

Waiver of Demand


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Quotes of the day:

I wouldn\'t recommend sex, drugs or insanity for everyone, but they\'ve always worked for me.

— Hunter S. Thompson

A waiver of demand is a legal agreement given by a party who has endorsed a check or a bank draft. It states that, should the original issuer of the check or draft default, the endorser will take responsibility for honoring that check or draft on the issuer’s behalf.


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