Examlex

Solved

A Check Drawn on a Bank Is an Order to Pay

question 11

Multiple Choice

A check drawn on a bank is an order to pay a sum of money and an authorization to charge the amount to the drawer's account.The drawer may countermand this order by which of the following?


Definitions:

Returns

Returns refer to the profit or loss generated on an investment over a specified period of time.

Cost Of Debt

The effective rate that a company pays on its current debt, which can include bonds, loans, and other forms of debt; it's a crucial component in the calculation of the company’s cost of capital.

Debt Ratio

A financial ratio that measures the extent of a company’s leverage, calculated by dividing total liabilities by total assets.

Total Debt

The sum of all liabilities, both short and long term, that a company owes.

Related Questions