The Liability of the Aval Is an "On Balance Sheet

question 40

True/False

The liability of the aval is an "on balance sheet" obligation for the endorsing bank.

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Definitions:

Neuron

A specialized cell of the nervous system responsible for transmitting information throughout the body in the form of electrical and chemical signals.

Nerve Cell

Also known as a neuron, it is the fundamental unit of the nervous system responsible for transmitting information throughout the body via electrical and chemical signals.

Central Nervous System

The part of the nervous system that includes the brain and spinal cord, responsible for processing sensory information and coordinating body function.

Synapses

Junctions between nerve cells where electrical or chemical signals are transmitted across the gap to communicate with other cells.