Examlex
What is the definition of the following term:
-Shakta:
Settlement
refers to the agreement reached by disputing parties outside of court to resolve a lawsuit, often involving the payment of compensation or undertaking specific actions.
Warranties
Promises or guarantees made by a seller regarding the condition or functionality of a product or service.
Payor Bank
The bank that is responsible for paying the draft or check written by a depositor.
Uncertified Check
A check that has not been verified or guaranteed by the bank upon which it is drawn.
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