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Promissory Note
A Promissory Note is a financial instrument wherein one party promises in writing to pay a determinate sum of money to another, either at a fixed or determinable future time.
Specified Amount
The exact sum of money stated in a financial document or agreement.
Dishonored Note
A promissory note that was not paid at maturity by the issuer, resulting in a default.
Customer's Account
Refers to the record of transactions, credits, debits, and financial activities between a customer and a company.
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