Examlex
Which of the following is another term for a "going private" transaction?
Stale Check
A check that is presented for payment after a certain period (typically six months) from its issue date, leading to its potential refusal by the bank.
Settlement
An agreement reached between parties in a dispute to amicably resolve their differences, often involving a compromise and the cessation of further legal action.
Provisional
Not final.
Substitute Check
An electronic or digital version of an original paper check, used in the banking industry to streamline check processing.
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