Describe and Summarize What Happens During the Collection Process Once

question 3

Essay

Describe and summarize what happens during the collection process once a check is deposited in a customer's account.How does it get back to the drawee?

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Definitions:

Procedure

A specific way of performing a task or a medical operation, which is designed to achieve a particular outcome.

Seventh Characters

In coding, these are additional characters used to provide more detail in diagnoses or conditions.

Late Effect

Cause-and-effect relationship between an original condition, illness, or injury and an additional problem caused by the existence of that original condition. Time is not a requirement for a diagnosis as a late effect because the additional concern may be present at any time.

Injury

Physical harm or damage to the body caused by accidents, falls, hits, weapons, or other external forces.