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Writes Cheques
The act of creating a written document instructing a bank to pay a specific amount of money from the writer's account.
Cheques Clear
Refers to the process by which a bank verifies that the funds available in the account of the individual who wrote the cheque are sufficient to cover the amount, and subsequently moves those funds to the account of the cheque recipient.
Incremental Bad Debt
Additional losses expected from non-payment or default by borrowers beyond what was originally anticipated.
Bad Debt Losses
Financial losses a company incurs when it cannot collect payment from a borrower or customer.
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