Examlex
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UCC Article 4
A section of the Uniform Commercial Code that deals with bank deposits and collections, outlining the rights and liabilities of banks and their customers.
Brokerage House
A financial institution that buys and sells securities, such as stocks and bonds, on behalf of clients while charging a commission for the service.
Joint Checking Account
A bank account shared by two or more individuals, typically allowing all holders equal access to funds.
Overdraft
A check written on a checking account in which there are insufficient funds to cover the amount of the check.
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