Examlex
What is the graph below known as?
Clearinghouse
An intermediary agency or institution that facilitates the exchange and settlement of financial transactions among different entities.
Payor Banking Group
A consortium or group of banks that manages the payment and settlement of transactions for clients.
Written Stop Payment Order
A formal request made to a bank by an account holder instructing the bank not to pay a specific check or payment.
Affirmative Duties
Obligations requiring individuals or entities to take certain actions or measures, often imposed by law or contract.
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