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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MULTINATIONAL is involving or operating in several nations or nationalities (Example: Multinational corporations).

SHIP IN PLACE is sales billed to customers prior to delivery and held by the seller (also: "bill and hold" or "bill in place" sales).

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