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E-Signature – Usually called an Digital signature this requires a software which binds your signature or Another mark to the document. The E-indication bill was handed by the government in June 2000 which legalizes this signature.

Cost off – This is a credit card debt or loan that's written off as currently being uncollectible from the borrower. This at times is the case if the loan has actually been sold or provided the personal debt to some selection agency. This financial debt continues to be collectable.

Compound curiosity – Desire that is computed about the loan’s harmony, the harmony will involve all curiosity and that is unpaid.

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