Examlex
Which of the following is cycled in minor amounts compared to the other substances on the list?
Honoring
The act of fulfilling or adhering to agreements, commitments, or payments.
Dishonoring
Dishonoring occurs when a promised payment, such as a check or electronic payment, is not completed due to insufficient funds or rejection by the bank.
Note Receivable
A written promise for a specified amount of money to be paid by a debtor at a certain future date.
Principal
The original sum of money borrowed in a loan or the initial amount of investment, excluding any interest or profits.
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