Clubs That Operate on a for Profit Based Are Known

question 37

Multiple Choice

Clubs that operate on a for profit based are known as:

• A)proprietary clubs
• B)profit clubs
• C)non-commercial clubs
• D)fraternal clubs

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Definitions:

Drawer

In financial terms, the party that writes or issues a check or draft instructing a payment to be made.

Rebate Check

A refund or discount on products or services, often sent to consumers in the form of a check after a purchase.

Bearer

A term referring to an individual or entity that possesses a negotiable instrument, like a check or bond, and has the right to receive the funds or assets it represents.

Payee

The person or entity to whom a payment is to be made or credited.