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Who do credit card companies really like to entice with "free" items like t-shirts?
Certified Check
Any check that is accepted by the bank from which the funds are drawn.
Teller's Check
A check drawn by a bank on its own funds and signed by a teller, often used in situations requiring guaranteed funds.
Depository Bank
A financial institution that holds and manages securities and assets on behalf of investors, such as stocks and bonds.
Payor Bank
A bank that is responsible for paying a check or draft presented for payment.
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