GUARANTOR Definition

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GUARANTOR, in finance, is a person that promises to pay back a loan if the original borrower does not make payment.

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COMPUTER CONTROLS are internal controls performed by computer software controls as opposed to manual controls. Can also mean general and application controls over the computer processing of data.

DEMAND DRAFT, also known as sight draft, is a draft payable on demand from the date of issue, e.g. a payroll check.

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