Examlex
Given a sample of three items (X = 4, 6, 5) , which statement is incorrect?
Overdraft
An extension of credit from a lending institution when an account reaches zero, allowing for a negative balance.
Certified Check
A check verified by a bank, guaranteeing that the signer has sufficient funds in their account to cover the check's amount at the time of certification.
Stop-payment Order
A request made to a bank instructing it not to process a payment on a check or transaction that has been issued but not yet cashed.
Wrongful Payment
A payment made in error, either due to fraud, administrative error, or mistaken identity, which may require recovery.
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