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Speciation always occurs quite rapidly.
Payee
The party in a transaction who receives the payment.
Properly Delivered
Pertains to goods or documents being conveyed to the correct recipient in good condition and within the agreed timeframe.
Bearer Paper
A negotiable instrument that is payable to whoever holds the document; the physical possession of the document is the only requirement for entitlement to payment.
Stop Payment Order
A stop payment order is a request made to a bank or financial institution to cancel a check or payment before it is processed or cashed.
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