Examlex
What three things must a firm know in order to calculate costs?
Bank
A financial institution licensed to receive deposits, offer loans, and provide various financial services to its customers.
Check
A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.
Draft Payable
A document instructing the payment of a specified amount of money, typically used in international trade.
Negotiability
The quality of a document (such as a check or note) signifying it can be transferred to another holder, who then has the legal right to enforce it.
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