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What Information Must Be Supplied When Utilizing a Method That

question 35

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What information must be supplied when utilizing a method that requires additional information in order to operate?


Definitions:

Stop Payment Order

A request made to a bank to not process or cancel the payment of a check or transaction previously authorized.

Payor Bank

A bank by which an item is payable as drawn or accepted. It includes a drawee bank.

Settle

To resolve or reach an agreement about a dispute or issue, often resulting in the cessation of legal proceedings.

Provisional Settlement

A temporary arrangement or agreement reached between parties, pending a final decision or settlement.

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