Tag: Cash
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Cash Discount
A reward for prompt payment which is a trade practice long established and recognized as not being a deduction from purchase price. Peacock Canning Co. v Commodity Credit Corp., (C.A.D. C.) 185 F.2d 894.
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Cashier’s Check
A check which is the primary obligation of the bank which issues it and constitutes its written promise to pay upon demand. A negotiable instrument presumed to have been issued for value. Bunge Corp. v Manufacturers Hanover Trust Co., 318 N.Y.S.2d819.