DISHONORED NOTE Definition

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

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SOM (SUM, CYM) is a currency of Uzbekistan.

BACKUP WITHHOLDING is a mandatory withholding that may be imposed when rules regarding taxpayer identification numbers, (usually a Social Security number) are not met by the individual. Another way for these withholdings to take effect is when a notice is issued by the IRS to withhold on payments to that individual. Backup withholding may be claimed as a credit by taxpayers on their federal income tax return.

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