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What is the most effective mechanism for reducing runs on banks?
Stop Payment Order
An instruction to cancel the payment process of a check, draft, or another financial instrument before it has been cashed or deposited.
Untimely Death
refers to a death that occurs unexpectedly or prematurely, often due to accident, violence, or sudden illness.
Heirs Object
The act of legal beneficiaries or heirs expressing opposition or contesting certain aspects of a will or estate settlement.
Depositary Bank
A bank that holds securities in its custody for depositors and facilitates the exchange and transactions of these securities.
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