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Debtor-Creditor Relationship
The financial relationship that occurs when an individual or entity (debtor) borrows money from another (creditor), with the promise of repaying the loaned amount.
Settlement
refers to the agreement reached by disputing parties outside of court to resolve a lawsuit, often involving the payment of compensation or undertaking specific actions.
Warranties
Promises or guarantees made by a seller regarding the condition or functionality of a product or service.
Payor Bank
The bank that is responsible for paying the draft or check written by a depositor.
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