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List three reasons why an informal investor,or a business angel,may reject a proposal.
Stop Payment
An order given to a bank to not pay out on a check that has been issued but not yet cashed.
Electronic Fund Transfer
The movement of funds between different bank accounts electronically without the need for physical paper money.
Draft
A preliminary version of a piece of writing or a plan, or a banking term referring to a written order by one party to pay a certain sum to another party.
Instrument
A formal legal document representing a right to payment or to an interest in property.
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