A Note That the Maker Is Unable or Refuses to Pay

question 23

True/False

A note that the maker is unable or refuses to pay at maturity is called a dishonored note.

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Definitions:

Arteries

Blood vessels that carry oxygen-rich blood away from the heart to the body's tissues and organs.

Auricle

Part of the external ear that protrudes from the side of the head; also called pinna. Small pouch projecting from the superior, anterior portion of each atrium of the heart.

Angioplasty

A medical procedure used to widen narrowed or obstructed arteries or veins, typically to treat arterial atherosclerosis.

Occluded

Occluded refers to something being blocked or closed up, preventing passage through it, often used in reference to blood vessels or pores.