Examlex
Which item is NOT a category in the customer cost hierarchy?
Certified Checks
Checks guaranteed by a bank, verifying that the signer has enough funds in their account to cover the amount specified on the check.
Dishonored
In financial terms, a dishonored instrument (like a check) refers to one that cannot be processed because the payor's account lacks sufficient funds or is closed.
Liability
The state of being legally responsible for something, particularly for debts or legal obligations.
Intermediary Bank
A financial institution that acts as a middleman between a payer's and a payee's banks, especially in international wire transfers.
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