Examlex
Three of the following are common misconceptions that elementary or secondary students are likely to have. Which one is not necessarily a common misconception?
Dishonored
refers to a financial instrument, such as a check or bill of exchange, that has been refused acceptance or payment.
Overdue
Overdue refers to a situation where a payment or obligation has not been met by its specified due date.
Cashier's Check
A check issued by a bank, drawn from the bank’s own funds and signed by a cashier or teller, guaranteed by the bank.
Payable
The amounts of money that a company owes to vendors or creditors for goods or services received that have not yet been paid.
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