A Written Stop-Payment Order Is Valid for Six Months, and the Customer

question 44

True/False

A written stop-payment order is valid for six months, and the customer can extend it for an additional six months by giving the bank instructions in writing to continue the order.

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Definitions:

Anal Stage

The second stage in Freud's psychosexual development theory, where pleasure centers on bowel and bladder elimination and coping with demands for control.

Anal-expulsive

Referencing a personality trait associated with disorderliness and impulsivity, drawn from Freudian psychology, relating to early developmental stages.

Anal-retentive

Relates to a personality trait described by Freud as overly orderly, stingy, and obstinate, thought to originate from strict toilet training in early childhood.

Oedipal

Relating to the Oedipus complex, a theory in psychoanalytic psychology that describes a child's feelings of desire for the opposite-sex parent and jealousy toward the same-sex parent.