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Implementing this loan policy will protect companies from liability due to loss, damage, or theft of equipment.
By my signature I acknowledge that I have received a copy of this agreement and all above listed items.
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An employee acknowledgement of debt should be signed to serve as proof that money is owed and to grant permission to the employer to deduct payments from the salary. When you borrow money from your cousin or a friend for personal use is completely different when you need money for your business and you get a loan from a company or bank. It is intended only for the use of the school employee to whom it is assigned.
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