Examlex
There are two primary types of barriers to communication.They are:
Drawee
The party, typically a bank, on whom a check or draft is drawn and is responsible for paying the amount specified.
Checking Account
A bank account that allows for the deposit and withdrawal of funds, typically using checks, debit cards, and electronic transfers, intended for daily transactions.
Cashier's Check
A check issued by a bank or financial institution, guaranteed by the bank itself, used for making large payments where the payee requires assurance of payment.
Certified Check
A certified check is a type of check for which the issuing bank guarantees the availability of funds by verifying that enough money exists in the check writer's account to cover the check.
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