Examlex
Which of the following is true about MDIs? (Select all that apply.)
Teller's Check
A check drawn by a bank on its own funds and signed by a teller, representing a guarantee of payment, often used in transactions requiring secure funds.
Drawer
The party in a transaction who writes a check or draft, instructing the bank to pay a specified amount of money from the drawer's account.
Drawee
A drawee is the party directed by the depositor to pay a certain amount to the person presenting the check or draft.
NSF
An abbreviation for "Non-Sufficient Funds", indicating that a check cannot be processed due to insufficient money in the account.
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