Examlex

Solved

A Simple Stain

question 52

Multiple Choice

A simple stain:


Definitions:

Collection Bank

A financial institution involved in processing checks and payments on behalf of other banks or entities.

Collection Bank

A financial institution where checks or drafts are presented for payment.

Notice of Dishonor

A formal notification indicating that a negotiable instrument like a check or bill of exchange has been presented for payment and declined.

Endorser

One who issues an endorsement.

Related Questions