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Stale Check
A check, other than a certified check, that is presented for payment more than six months after its date.
Good Faith
A concept involving an honest intention to act without taking an unfair advantage over another party, typically implied in agreements or transactions.
Uncertified Check
A check that the bank has not guaranteed or verified regarding the availability of funds, standing in contrast to a certified check.
Presented For Payment
The act of submitting a financial instrument, such as a check or draft, to the responsible party for the transfer of funds as specified.
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