Examlex
The rate of return on a risk-free asset should equal the
Transfer
The act of moving or passing from one person, place, or situation to another, often referring to the ownership or title of property or assets.
Checks
Financial instruments that order a bank to pay a specific amount of money from the writer’s account to the person or entity in whose name the check has been issued.
Depositary Bank
The first bank that receives a check for payment.
Collecting Bank
Any bank, with the exception of the payor bank, that handles a check during the check collection process.
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