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Depositary Institutions
Financial institutions that accept deposits from customers and provide banking services like loans and payment transactions.
Stop-payment Order
An order given to a bank by an account holder not to honor a specific check or payment, often used in cases of lost checks or disputes over payment.
Six Months
A time frame consisting of approximately 180 days or half a year.
Drawer
The person or entity that writes or issues a check, making an order to a bank to pay a specified amount of money to the party named or to the bearer.
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