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Dishonor
The refusal or inability to pay a bill of exchange, promissory note, or another financial instrument when it is presented for payment.
Refusal to Pay
The act of not fulfilling a financial obligation or payment when due, often leading to legal consequences.
Negotiable Instrument
A legal document guaranteeing the payment of a specified amount of money, either on demand or at a set time, with the name of the payee that can be transferred by endorsements.
Fraud in Payment
Deceptive actions or schemes aimed at unlawfully obtaining money or assets through the manipulation of payment processes.
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