Good. Valid; sufficient in law; effectual; unobjectionable; sound; responsible; solvent; able to pay an amount specified. Of a value corresponding with its terms; collectible. A note is said to be "good" when the payment of it at maturity may be relied on. [Black's Law Dictionary, Sixth Edition, p. 692]
Good. Valid; sufficient in law; effectual; unobjectionable; sound; responsible; solvent; able to pay an amount specified.
Of a value corresponding with its terms; collectible. A note is said to be "good" when the payment of it at maturity may be relied on.
[Black's Law Dictionary, Sixth Edition, p. 692]