Examlex

Solved

Under a Direct Depositsystem the Bank Will Make an Automatic

question 108

True/False

Under a direct depositsystem the bank will make an automatic debit from your bank account and have the funds transferred periodically to an investment account.


Definitions:

Auction

A public sale in which goods or property are sold to the highest bidder.

Creditor

A party or institution to whom money is owed.

Default

The failure to fulfill an obligation, especially the failure to make payments on a loan.

Exempt Property

Assets that cannot be seized by creditors to satisfy a debt, as defined by law.

Related Questions