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Corporate bonds are not as liquid as government bonds because
Dishonors
Refers to the refusal by a bank to pay the amount stipulated in a check or draft when presented.
Drawn
Refers to the process of extracting or taking something from a particular source, such as money from an account.
Liable
Legally responsible or obligated, often in the context of paying damages or facing other legal consequences.
Preprinted Promissory Note
A legally binding document that acknowledges debt and promises repayment, which comes in a standardized form.
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