secondary party

secondary party. Commercial law.

1. A party not primarily liable under an instrument, such as a guarantor. [Cases: Bills and Notes 49; Guaranty 33. C.J.S. Bills and Notes; Letters of Credit§§ 24–25.]

2. The drawer or indorser of a negotiable instrument.

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词条贡献者

译者Christina，毕业于世界顶级翻译学院，擅长翻译各种与反垄断与不正当竞争诉讼相关的法律文件。