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"Mad" Anthony Wayne defeated the northwestern Indian tribes at the Battle of
Bad Debts
Unrecoverable amounts from debtors that are considered losses after all recovery attempts have been exhausted.
Insurance Settlement
The payment made by an insurance company to a policyholder following a claim, intended to cover losses or damages incurred.
Note Balance
The remaining amount owed on a promissory note after payments have been made.
Refinancing
Replacing an old loan with a new loan, typically with better terms, such as a lower interest rate.
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