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Side chairs differ from armchairs in that they do not have arms.
Discounted Note
A debt instrument sold for less than its face value that will pay the face value at maturity.
Proceeds
Maturity value less bank discount.
Contingent Liability
Liability on the part of one who discounts a note if the maker of the note defaults at maturity date.
Discounted Note
A debt instrument that is sold or issued for less than its face value.
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