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Checking Account
A bank account that allows easy access to funds, typically through checks or electronic transactions, and is used for day-to-day expenses.
Payee
A person or entity who is to receive money.
Drawer
In banking and finance, the person or entity that writes a check or draft instructing a drawee to pay a specified sum to a third party.
Negotiable
Capable of being transferred from one person to another through endorsement or delivery, often used in the context of negotiable instruments like checks.