Examlex
Money is automatically drawn from the buyer's account and deposited into the supplier's account in an electronic funds transfer (EFT).
Joint And Several
Legal terminology indicating that all parties involved can be collectively or individually responsible for the full amount of liability.
Issue Negotiable Instruments
The act of creating financial documents, such as checks or promissory notes, that are transferable from one party to another in exchange for value.
Borrow Money
The act of obtaining funds from another party (such as a bank or individual) under the agreement to repay the principal amount along with interest or other charges.
Ordinary Course Of Business
Activities and operations that are considered normal, routine, and in the usual scope of a company's business practices.
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