Definition: Untendered is a term used in the context of financial transactions to denote an item that has not been accepted or paid for. It may refer to any form of payment, such as cash, check, credit card, or e-check, but it is most commonly associated with money transfers made through banks and other financial institutions. In this sense, "untendered" refers to a transaction where the recipient has not received the item they were supposed to receive.
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