Key Terms Instructions: Please Define the Following Key Terms

question 37

Short Answer

Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Eurocrats

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Definitions:

Cashier's Check

A check issued by a bank, drawn on its own funds rather than that of an account holder, and commonly used to guarantee payment.

Certified Check

A check verified by a bank, guaranteeing that the writer of the check has enough funds available for the transaction.

Drawee

The party in a financial transaction who is directed to pay a certain amount of money as outlined in a draft or check.

Draft

A preliminary version of a document or plan that is subject to revision.