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A prototype is often created before a pilot test is conducted.
Maturity Date
The date on which the principal amount of a loan, bond, or other financial instrument becomes due and payable.
Pledges Receivables
Amounts promised to be paid by donors to a fundraising organization or a charitable cause.
Pledge Fee
A charge assessed for the service of securing a loan or guarantee, commonly associated with loans or financing agreements.
Dishonoring Note
The failure to pay a promissory note when it comes due.
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