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In a multi-tier system, special utility software called ____ enables the tiers to communicate and pass data back and forth.
Claiming Interest
The act of demanding a payment or compensation for the use of one's money or property, especially in legal or financial transactions.
Making Payments
The act of transferring money or its equivalent to another party as fulfillment of an obligation, such as repaying a loan or settling a bill.
Account Orders
Instructions to buy or sell securities or commodities that are given to a brokerage firm for execution.
Bank
A financial institution licensed to receive deposits, offer loans, and provide other financial services such as currency exchange and wealth management.
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