Examlex
'Your answers to the following questions will be kept in strict confidence' is an example of which type of statement?
Drawer
In a transaction involving a check or draft, the drawer is the party that writes and signs the check, ordering the bank to pay a specified sum to the payee.
Depositor's Account
An account maintained at a bank or other financial institution where funds are held in the depositor's name and can include both checking and savings accounts.
Stop-Payment Order
A request made to a bank to cancel a check or payment that has not been processed yet.
Bankruptcy Petition
A formal request filed by an individual or business entity declaring inability to pay outstanding debts, seeking relief through bankruptcy court.
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