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Discuss the advantages and disadvantages of partitioning.
Overdraft
A check written on a checking account in which there are insufficient funds to cover the amount of the check.
Joint-Account Owner
An individual who shares ownership and control over a bank account with one or more persons.
Contractual Rights
Legal entitlements granted to individuals or entities based on the terms of a contract.
Duties Of The Bank
The legal and ethical obligations that a bank owes to its customers, including safeguarding deposits, providing secure transactions, and rendering accurate information.
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