DISHONORED NOTE Definition

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

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SUM-OF-THE-YEARS DIGITS (SYD) is the accelerated depreciation method in which a constant balance (cost minus salvage value) is multiplied by a declining depreciation rate.

COLLECTIBLE is an amount subject to or requiring payment especially as specified, e.g. a collectible bill.

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