WITHOUT RESERVE 1230 WOODS N
\wɪðˌa͡ʊt ɹɪsˈɜːv wˈɒn θˈa͡ʊzənd tˈuːhˈʌndɹədən θˈɜːti wˈʊdz ˈɛn], \wɪðˌaʊt ɹɪsˈɜːv wˈɒn θˈaʊzənd tˈuːhˈʌndɹədən θˈɜːti wˈʊdz ˈɛn], \w_ɪ_ð_ˌaʊ_t ɹ_ɪ_s_ˈɜː_v w_ˈɒ_n θ_ˈaʊ_z_ə_n_d t_ˈuː_h_ˈʌ_n_d_ɹ_ə_d_ə_n θ_ˈɜː_t_i w_ˈʊ_d_z ˈɛ_n]\
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negotiable instrument, signifies that the Indorser means to save himself from liabilityto subsequent holders, and is a notification that, if payment is refused by the partiesprimarily liable, recourse cannot be had to him. See Thompson v. First State Bank,102 0 Ga. 600, 29 S. E. 610; Epler v. Funk, 8 Pa. 4GS; Youngberg v. Nelson, 51Minn. 172, 53 N. W. 629, 38 Am. St. Rep. 497; Bankhead v. Owen, 60 Ala. 461.
By Henry Campbell Black
Word of the day
Quinones
- Hydrocarbon rings which contain two moieties position. They can be substituted in any position except at the ketone groups.