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Technology and quality control departments are typically associated with bureaucratic control.
Accommodation Party
A person who signs a negotiable instrument on behalf of another, guaranteeing payment without receiving any personal benefit.
Primary Liability
The main or direct obligation to repay a debt or fulfill a contractual duty, without relying on secondary sources for payment.
Maker
In legal and financial contexts, it refers to the person who creates or signs a promissory note, thus agreeing to pay the note's value.
Dishonored
Refers to a financial instrument, such as a check, that has been presented for payment and refused by the bank or debtor.
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