TAKE UP

TAKE UP

take up, vb.

1. To pay or discharge (a note). [Cases: Bills and Notes 428, 436. C.J.S. Bills and Notes; Letters of Credit¡ì¡ì 100, 231, 234¨C236, 238, 240, 242, 244¨C248.]

2. To retire (a negotiable instrument); to discharge one’s liability on (a negotiable instrument), esp. the liability of an indorser or acceptor.

3. To purchase (a note).


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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.