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Under IFRS Bank Overdrafts Are Classified as

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Under IFRS bank overdrafts are classified as


Definitions:

Course of Dealing

The pattern of actions between parties in a business transaction that establishes a common basis for understanding their conduct.

Right to Cure

The right to cure allows a party in breach of a contract a specified period to fix the breach before the other party can pursue legal remedies.

Substantial Impairment

A significant reduction in the ability or capacity of something, often used in legal contexts regarding the impairment of physical or mental functions.

Perfect Tender Rule

A principle in the sale of goods law that allows buyers to reject goods if they do not exactly meet the terms of the contract.

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