Examlex
Usury laws that set maximum interest rates
Dishonor of a Check
The refusal by a bank to pay the amount stated on a check due to insufficient funds or other reasons.
Reversed
A decision or process that has been changed to go in the opposite direction, often used in the context of judicial decisions.
Payor Bank
The bank that dispenses the payment on a written draft or check upon presentation.
Drawee Bank
The financial institution upon which a check is drawn or which is directed to pay the specified amount.
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