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A(n)____________________ is a more permanent task force.
Payees
Individuals or entities to whom money is payable, often seen in the context of checks or promissory notes.
Negotiation
The process of discussing and arriving at a mutual agreement between parties, often involving compromise or conciliation.
Depositary Bank
A financial institution that holds and manages securities for its clients, facilitating the trading of these securities.
Payor Bank
The bank that is directed by a check or draft to pay a certain amount of money to the person or entity named on the check.
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