Correspondent Banks, Credit Party, Draw Down, Execution Date, Remitter, and Repetitive

question 82

Multiple Choice

Correspondent banks, Credit party, Draw down, Execution date, Remitter, and Repetitive transfer are some terminologies related to:

• A) EFT
• B) Bank wire
• C) ACH
• D) ALL

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Definitions:

Biased Language

Language that reflects a prejudgment or partiality towards a certain viewpoint or group.

Goodwill

The positive reputation and supportive relationship a business or individual possesses, often considered as an intangible asset.

Organization

The structured arrangement or coordination of activities and resources in a group or entity to achieve specific goals.

Hard Copy

A physical version of a document, as opposed to a digital or electronic version.