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Promissory Note
A written promise to pay a specified sum of money to a designated person or the bearer at a specified date or on demand.
Negotiated
Negotiated refers to having discussed and agreed upon terms or conditions through a process of bargaining or dialogue between parties.
Holder
The person in possession of a negotiable instrument.
Cheques
Written orders directing a bank to pay a specified sum of money from the writer's account to the person or entity named on the cheque.
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