Examlex
The alternative that goes beyond simply solving the problem in question and focuses instead on systems that contain many extra features users may desire is referred to as a:
Drawee Bank
The financial institution upon which a check is drawn, responsible for paying the amount specified when the check is presented.
Drawer-Drawee Relationship
The financial interaction where the drawer writes a check and the drawee bank or financial institution pays the amount.
Checking Account
A bank account that allows for easy access to funds through checks and electronic means for everyday transactions.
Creditor
An entity or person that lends money or extends credit to another party, expecting repayment in the future.
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