Examlex
In what way do the concepts causality and correlation relate to each other?
Drawee Bank
The bank upon which a check is drawn, responsible for paying the check amount to the bearer or designated payee.
Drawer
The party who draws a draft, that is, the party who orders that the money be paid.
Payee
The party named in a note or draft to whom payment is to be made.
Stop Payment
A banking process through which an account holder can request the bank to stop the payment of a cheque or payment transaction that has been issued but not yet processed.
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