ALTERNATE PAYEE ENDORSEMENT Definition

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ALTERNATE PAYEE ENDORSEMENT, normally, it is when one payee endorses a draft over to another entity, then the new or alternate payee endorses the draft near the original payees endorsement (signature).

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BASE PERIOD is a specified time period under which data is gathered, analyzed and used as a benchmark against which comparative financial or economic data from other periods is measured.

PURCHASE MONEY AGREEMENT is an agreement under which a person pledges the property or item bought as security.

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