Examlex
After hearing a television report falsely indicating that drugs may have contributed to a recent auto accident, several eyewitnesses of the accident begin to remember the driver as traveling at a faster rate of speed than was actually the case. This provides an example of
Federal Reserve
The central banking system of the United States, responsible for monetary policy, regulating banks, and ensuring financial system stability.
Stop Payment
An order given to a bank to not pay out on a check that has been issued but not yet cashed.
Electronic Fund Transfer
The movement of funds between different bank accounts electronically without the need for physical paper money.
Draft
A preliminary version of a piece of writing or a plan, or a banking term referring to a written order by one party to pay a certain sum to another party.
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