CASH DISBURSEMENTS/PAYMENTS JOURNAL is the journal recording all disbursements (or payments).
MONEY MARKET CERTIFICATE is a security issued by commercial banks and savings and loan associations. Money market certificates pay a yield often based on the going Treasury bill rate. Interest rates on certificates normally remain fixed over their maturity and investors face an interest penalty for early withdrawal.
LITIGATION is legal proceeding in a court; a judicial contest to determine and enforce legal rights.
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