IMPAIRED GOODWILL is the recognition of the reduction in value of the intangible asset known as goodwill.
PREMIUM BOND is a bond selling above its par value or its value at maturity.
STALE CHECK is a check that is six months or older than the date affixed to the check by the maker. If a customer's check is presented more than six months after the date appearing on the check, the paying bank has the option of paying or dishonoring the check because the check is deemed "stale".
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