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How is a financial audit different from an information systems audit?
Subsequent Holder
An individual or entity that acquires a negotiable instrument, like a check or promissory note, after it has been issued or transferred.
Transfer Warranties
Legal assurances given by a seller to a buyer regarding the title, quality, and condition of goods or property being sold.
Check-Collection
The process of receiving and processing checks to obtain payment from the banking institutions on which they are drawn.
Disclaimed
Refused to acknowledge or accept something, especially legal claims or responsibility.
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