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When a new depositor opens a checking account at the First National Bank,the bank's assets ________ and its liabilities ________.
Full Payment
The complete settlement of an amount due, whether it be a debt, service fee, or purchase price.
Discharge
The act of fulfilling or settling an obligation or debt.
Chapter 13
A type of bankruptcy filing in the United States that allows individuals with regular income to develop a plan to repay all or part of their debts.
Payments
The transfer of money, goods, or services from one party to another as fulfillment of an obligation or settlement of a debt.
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