What term is used to indicate the termination of liability on an instrument?
A)Collection
B)Discharge
C)Accommodation
D)Conversion

Name: What term is used to indicate the termination of liability on an instrument? A)Collection B)Discharge C)Accommodation D)Conversion
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Quizplus · Accepted Answer

Discharge refers to the termination of liability on an instrument. It can occur through payment or satisfaction of the debt, release by the holder, cancellation or destruction of the instrument, or operation of law.

What Term Is Used to Indicate the Termination of Liability