Examlex
The simplest version management systems are ________.
Drawer
In contractual terms, the party that writes or drafts a cheque or bill of exchange.
Payor Bank
A bank that is responsible for paying a check or draft drawn upon it by its customer.
Certified Checks
Checks guaranteed by a bank, verifying that there is sufficient funds available in the issuer's account to cover the check.
Teller's Checks
A bank-issued check drawn on the bank's own funds and signed by a teller, typically used when someone needs to guarantee payment.
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