What Are Altered Checks? What Are the Actions That a Bank

question 70

Essay

What are altered checks? What are the actions that a bank can take when it encounters a case of check alteration?

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Definitions:

Expected Dividend

The dividend payment a shareholder anticipates receiving, based on past dividend payments or company announcements.

Efficient Markets Hypothesis

A theory stating that asset prices fully reflect all available information, making it impossible to consistently achieve higher returns than the overall market.

Semistrong-Form

Part of the Efficient Market Hypothesis that asserts all publicly available information is reflected in asset prices, including historical data and all public disclosures.

Expected Return

The average return anticipated on an investment, factoring in the probabilities of each possible outcome.