DISHONORED NOTE Definition

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DISHONORED NOTE is a note on which a debtor has defaulted.

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ENTITY, in business, is a separate or self-contained existence that provides goods or services.

COST OVERRUN is the amount by which an entity exceeds or expects to exceed the estimated cost to completion of: a. a product; b. a process; or, c. the final limitations of costs stipulated in a contract.

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