Which Term Refers to the Time It Takes for a Check

question 36

Multiple Choice

Which term refers to the time it takes for a check to go through the traditional check-clearing process and be paid?

• A)Float
• B)Delay
• C)Hold over
• D)Defer
• E)Shelve

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Definitions:

Warranty

A guarantee provided by a seller or manufacturer concerning the condition of a product and the promise of repair or replacement within a specified period.

Deductible

The amount an insured individual must pay out of pocket before an insurance company pays a claim.

Co-payment

A payment model where the insured party pays a specified amount out-of-pocket for health services, with the insurance covering the remaining costs.

Wealth Creation

involves the generation of income, assets, and economic value through various means such as investment, entrepreneurship, and innovation, contributing to financial growth and prosperity.