DEMAND NOTE Definition

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DEMAND NOTE is a note payable on demand from the person who is owed the money.

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THRIFT ASSOCIATIONS is a general term often used for mutual savings banks, savings and loan associations and credit unions.

BALANCING OFF THE BOOKS means totaling off the various amounts to find out how much money is left or, how overdrawn the organization is. At certain times; e.g. once a month, quarterly, for management committee meetings; it may be necessary to balance off the books".

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