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What are the advantages of a database over a flat file system?
Processing Checks
Involves the procedures and steps taken by banks or financial institutions to verify and complete the transaction of a written check.
Substitute Check
A digital reproduction of a paper check that is legally considered the same as the original for processing and payment purposes.
Original Check
The first print or version of a check before it is copied or electronically presented.
Paid Twice
A situation where an individual or entity receives payment for the same service or goods more than once.
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