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Two Increasingly Important Values for Consumers Around the World Are

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Two increasingly important values for consumers around the world are


Definitions:

Cashier's Checks

A check issued by a bank, drawn on its own funds rather than on one of its depositor's accounts, offering a secure way of payment.

UCC

This legislative compendium, known as the Uniform Commercial Code, sets the standards for all commercial transactions within the US borders.

Certified Check

A type of check for which the issuing bank guarantees the availability of funds by verifying the drawer's signature and setting aside the check amount.

Bank's Signature

An authorized signature from a bank representative, used to validate or authorize transactions and documents.

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