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Overdue
Overdue refers to a situation where a payment or obligation has not been met by its specified due date.
Cashier's Check
A check issued by a bank, drawn from the bank’s own funds and signed by a cashier or teller, guaranteed by the bank.
Payable
The amounts of money that a company owes to vendors or creditors for goods or services received that have not yet been paid.
Bearer
The individual in possession of an instrument, such as a check or promissory note, that is not made out to a specific payee.
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