If You Wish to Make Purchases That Are Charged Against

question 54

Short Answer

If you wish to make purchases that are charged against your checking account without writing a check you need to have a(n) ________.

---

Definitions:

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, aimed to standardize regulations across states.

Article 8

Typically references the right to respect for private and family life, home and correspondence under the European Convention on Human Rights.

Debenture

A type of long-term debt instrument that is not secured by physical assets or collateral.

Unsecured Creditor

A creditor who has extended credit without securing collateral and thus stands at a higher risk in case of the debtor's bankruptcy.