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What is the value of classification?
Substitute Check
An electronic or digital version of an original paper check, used in the banking industry to streamline check processing.
Warranties
Legally binding promises or guarantees that a product or service will meet specified criteria of quality, performance, or reliability.
Bad-Check Statute
Laws that penalize individuals who knowingly write checks from a bank account without sufficient funds.
Drawee Bank
The bank upon which a check is drawn, responsible for paying the check amount to the bearer or designated payee.
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