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How Quickly Can a Bank Receive Payment Once It Transmits

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How quickly can a bank receive payment once it transmits a copy of a check to the bank on which the check was drawn?


Definitions:

Knowledgeable Agreement

A consensus reached with an understanding of all relevant facts and information.

Study Participants

Individuals who take part in a research experiment or clinical trial, contributing data for analysis.

Cross-sectional Research

A research method that analyzes data from a population, or a representative subset, at a specific point in time.

One Time

Occurring only once; a single occurrence or instance.

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