Examlex
The process indicated by the arrow in Figure 7.1 represents
Countersignature
A second signature on a document that confirms or approves the initial signature, providing an additional level of security or authentication.
Designated Date
A specific date that has been appointed or set aside for a particular purpose or event.
Collecting Bank
A collecting bank is a bank that handles the collection of payments on behalf of a depositor, including processing checks and drafts.
Federal Reserve Bank
The central banking system of the United States, responsible for determining national monetary policy and regulating financial institutions.
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