ACKNOWLEDGEMENT OF INDEBTEDNESS Definition

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ACKNOWLEDGEMENT OF INDEBTEDNESS is a written recognition of debt that is enforceable in law, e.g. memorandum check, bank draft, or loan contract.

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DISQUALIFICATION, in the UK, is when a director is found guilty of "unfit" conduct. The director may then be disqualified from holding any management position for 2 to 15 years.

FED BOOK ENTRY is an electronic registration, transfer and settlement system for securities on the Federal Reserve System.

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