UN-CREDITED CHECK Definition

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UN-CREDITED CHECK is a check that has been presented to the bank but still are under process by the bank. The customer account has been debited already.

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SILENT PARTNERSHIP is the relation of partnership sustained by a person who furnishes capital only, i.e., the partner is not involved in the day-to-day operations or decisions of the entity.

PITI is an acronym for Principal, Interest, Taxes and Insurance when dealing with property mortgages.

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