Examlex
The average duration for a pegged exchange rate is about:
Payor Bank
The bank that is directed by a check or draft to pay a certain amount of money to the person or entity named on the check.
On-Us Item
A banking term referring to a check or draft that is presented for payment by the same bank upon which it is drawn.
Stale Check
A check that is not presented to a bank within six months of its date.
Uniform Commercial Code
A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify the law relating to commerce.
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