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Factor using the ac-method.
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Promissory Note
A financial tool comprising a formal pledge by one entity to compensate another entity with a certain amount of money, which can be requested at any time or on a predefined future date.
Negotiate
To discuss something in an attempt to reach agreement, especially in business or political contexts.
Properly Drawn
A term indicating that a document, especially a legal document, has been prepared correctly and in accordance with all necessary formalities.
Endorsee
A person or entity to whom a negotiable instrument, such as a cheque or promissory note, is legally transferred through endorsement.
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