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Secured bondholders can foreclose on collateral in the event of nonpayment of interest.
Itemized List
A list where each entry is separately listed and often numbered or bulleted.
Deposit Slip
A document accompanying a bank deposit, detailing the amount of cash and/or checks being deposited.
Electronic Funds Transfer System
A system that transfers money from one bank account directly to another without any paper money changing hands, often used for payroll, direct deposit, and bill pay services.
Stop Payment
A method by which the maker of a check may stop payment of a check(s) written.
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