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C. DEBIT NOTE

A DEBIT NOTE IS A LETTER ISSUED BY A BANK

TO COLLECT A DEBT FROM A CUSTOMER OR

OTHER CUSTOMER THROUGH CLEARING

(TRANSACTION SETTLEMENT) BASED ON A

PREDETERMINED NOMINAL AMOUNT AND

TIME. IF YOU CHOOSE TO USE A DEBIT NOTE,

YOU MUST FIRST MAKE A DEBT TO A

BANK. USUALLY, DEBIT NOTES ARE USED FOR

INTER-OFFICE TRANSACTIONS.

D. CREDIT NOTE

A CREDIT NOTE IS A LETTER ISSUED BY A

BANK AND USED BY CUSTOMERS TO SEND

AND TRANSFER NON-CASH FUNDS TO OTHER

CUSTOMERS VIA CLEARING.