A Written Stop Payment Order Is Binding on the Bank

question 16

True/False

A written stop payment order is binding on the bank for 90 days.

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Definitions:

Delayed Reinforcement

A strategy in which the reward or consequence for a behavior is presented after a significant time lapse, affecting the conditioning process.

Reinforcement

In psychology and organizational behavior, the process of encouraging or establishing a pattern of behavior by offering rewards or consequences.

Immediately

Refers to something happening without delay or instantly.

Continuously

Ongoing without interruption or cease, typically used to describe processes or operations that do not stop or pause.