Examlex
Which one of the following is a cation?
Net Float
The difference between checks written against a bank account and those that have been deposited but not yet cleared, affecting the balance.
Chequing Account
A bank account allowing the account holder to withdraw funds, write checks, and use electronic debit to access funds.
Cheque
A cheque is a written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a named party.
Regional Lockbox System
A banking service that speeds up collection of payments by establishing a network of collection points.
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