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A smallholding is a small farm. In third world countries, smallholdings are usually farms supporting a single family with a mixture of cash crops and subsistence farming. (Wikipedia)
A foreign national is a person who is not a citizen of the host country in which he or she is residing or temporarily sojourning. For example, a foreign national in Canada is someone who is neither a Canadian citizen nor a permanent resident of Canada. However, in the European Union, a foreign national is a third country national, i.e. someone who is not a citizen of any of the member states of the European Union.
According to the U.S. Department of Homeland Security a foreign national is defined simply as "an individual who is a citizen of any country other than the United States." (Wikipedia)
DEFINITION of 'Escrow Agreement' A legal document that outlines the terms and conditions between parties involved in an escrow. An escrow agreement defines the arrangement by which one party deposits an asset with a third person (called an escrow agent), who will in turn make delivery to another party if and when the specified conditions of the contract have been met. (Investopedia)
Bills of exchange are similar to checks and promissory notes. They can be drawn by individuals or banks and are generally transferable by endorsements. The difference between a promissory note and a bill of exchange is that this product is transferable and can bind one party to pay a third party that was not involved in its creation. (Investopedia)
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