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The word arras is Spanish, meaning "earnest money" (arrhae, plural of arrha), "bride price", or "bride wealth".The custom of using coins in weddings can be traced to a number of places, including Spain and Rome.
In 2007, Bangko Sentral ng Pilipinas (BSP) began the 12-year demonetization process of the New Design Series when the New Generation Currency (NGC) project was started the formal conceptualization process, which was a meeting of the minds of people with diverse backgrounds and ideas: central bankers, artists, technocrats, historians, communication experts, and currency printers to further ...
An earnest payment or earnest money is a specific form of security deposit made in some major transactions such as real estate dealings or required by some official procurement processes to demonstrate that the applicant is serious and willing to demonstrate an earnest of good faith about wanting to complete the transaction. [1]
Earnest money is a "good faith" deposit the homebuyer provides with an offer, to show the seller an intent to follow through on a home purchase. The funds are typically held in an escrow account ...
The Philippine two hundred-peso note (Filipino: dalawandaang piso; ₱200) is a denomination of Philippine currency. President Diosdado Macapagal is currently featured on the front side of the note, and since 2017, President Gloria Macapagal Arroyo's inauguration as the 14th President of the Philippines (EDSA People Power II) is on the lower-left side on the note just in front of the scene of ...
Although money is the most common consideration, it is not a required element to have a valid real estate contract. An earnest money deposit from the buyer(s) customarily accompanies an offer to buy real estate and the deposit is held by a third party, like a title company, attorney or sometimes the seller. The amount, a small fraction of the ...
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On December 7, 2022, the 2020 BSP logo is now used on 20, 50, 100, 500, and 1,000-peso (non-polymer version) bills which replaced the 2010 logo that has been in use since the series' release to the public on December 16, 2010, upon the release of banknotes bearing the signatures of President Bongbong Marcos and BSP Governor Felipe Medalla. [20]
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