Examlex
Classify the following molecule:
Promissory Note
An economic device featuring a documented pledge from one side to transfer a predetermined amount of funds to the other, upon request or at a certain future time.
Insufficient Funds
A situation where an account does not have enough money to cover withdrawals or transactions, often leading to fees or declined transactions.
Credit Memo
A document issued by a seller to a buyer, reducing the amount the buyer owes to the seller under the terms of an existing invoice, often due to a return or a rebate.
Bank Reconciliation
The process of matching and comparing the account balance according to the bank statement with the balance recorded in the company’s own accounting records to identify discrepancies.
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