CORRESPONDENT BANK Definition

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CORRESPONDENT BANK is a bank having communications and business links with the sellers bank.

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TERM DEBT, as in Term Bonds, is debt that mature in one lump sum at a specified future date. Term debt is usually carried as one type of long-term debt.

COPYRIGHT is a form of legal protection used to safeguard original literary works, performing arts, sound recordings, visual arts, original software code and renewals.

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