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As you get ready for your golf game, you imagine all the strokes and how you will put them together. You can see them in your mind. This type of thought is known as
Dishonoured Note
A promissory note that has not been paid by the maker or acceptor when due, leading to a default.
Maturity Date
The specified date on a financial instrument when the principal amount must be repaid or when an investment reaches its full value and can be redeemed.
Negotiable Instrument
A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.
Past-Due Account
A past-due account is a financial account that has not been paid by the due date, often leading to penalties or interest charges.
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