Examlex
The best software tool to use for monitoring daily business operations and quickly comparing expected activity to actual performance is a ____.
Collecting Bank
A bank that processes checks and other negotiable instruments on behalf of a depositor, collecting funds from the bank on which the instruments are drawn.
Restrictive Endorsement
A limitation placed on the use of a check or other negotiable financial instrument, specifying conditions under which it can be transferred or cashed.
Stop Payment Order
A request made to a bank to cancel a check or payment that has not been processed yet.
Subrogation
The legal process by which one party stands in for another to claim restitution or indemnity from a third party for a loss or damage.
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