A Bank Is Not Required to Pay a Check Presented

question 4

True/False

A bank is not required to pay a check presented more than three months after its date.

---

Definitions:

Shareholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, often referred to as net assets or equity.

Cost of Capital

The necessary rate of gain a company must obtain from its investments to keep its market price constant and attract financial support.

Project Risk

The potential for losing time, quality, or resources in the pursuit of a project’s objectives.

Security Issued

Financial instruments that are offered for sale by a corporation or a government entity, typically in the form of stocks or bonds.