Examlex
Culture gradually but continually evolves to meet the needs of society.
Checking Account
A bank account that allows the depositor to withdraw funds using checks or electronic debit, traditionally used for daily transactions.
Stale Check
A check that has not been cashed or deposited within a specified time, usually six months, making it void or invalid.
Bank
A financial institution that accepts deposits, offers various accounts, provides loans, and offers other financial services to individuals and businesses.
Restrictive Endorsement
A limitation placed on a check specifying the conditions under which it can be paid or transferred, often used for security purposes.
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