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Kristen wants to create a web app. What software is required, and what is the purpose of each?
Depository Bank
A financial institution where securities and assets are stored and managed on behalf of their clients.
Holder in Due Course
A person or entity that has acquired a negotiable instrument in good faith and for value, and thus has certain protections against defenses and claims that could be used against the original payee.
Stop-Payment Order
An order by a drawer that instructs the drawee bank not to pay an issued check.
UCC
The Uniform Commercial Code (UCC) is a set of laws that provide legal standards and regulations for commercial transactions and dealings across the United States.
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