Examlex
Consider a U.S.MNC with three subsidiaries and the following foreign exchange transactions shown at left.Use multilateral netting with a central depository to reduce the number of foreign exchange transactions.
Sufficient Funds
A term indicating that an account has enough available money to cover transactions such as withdrawals, checks, or payments.
Money Orders
Payment orders for a specified amount of money that are a secure alternative to cash or personal checks.
UCC
Refers to the Uniform Commercial Code, a set of laws governing sales and commercial transactions in the United States.
Checks
Banking instruments that order a bank to pay a specific amount of money from the writer's account to the person or entity in whose name the check has been issued.
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