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What are MUST NOT and MUST COVER constraints?
Maker
A person who promises to pay a set sum to the holder of a promissory note or certificate of deposit.
Drawer
The party in a transaction that issues or writes a check or draft, instructing their bank to pay a specified sum to a certain beneficiary.
Notice Of Dishonor
A formal notification that a negotiable instrument, like a check, has been refused payment and is dishonored.
Collecting Bank
A bank that processes checks and other instruments for payment on behalf of the payee.
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