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  2. Cheque - Wikipedia

    en.wikipedia.org/wiki/Cheque

    A bearer check is payable to anyone who is in possession of the document: this would be the case if the cheque does not name a payee, or is payable to "bearer" or to "cash" or "to the order of cash", or if the cheque is payable to someone who is not a person or legal entity, for example if the payee line is marked "Happy Birthday".

  3. My mom wants me to sign over my $250K beneficiary check ... - AOL

    www.aol.com/finance/mom-wants-sign-over-250k...

    As a result, she wants Riley to sign over the beneficiary check to her — while “allowing” her daughter to keep $5,000 to help with Riley’s wedding costs. Riley, meanwhile, could really use ...

  4. Remittance advice - Wikipedia

    en.wikipedia.org/wiki/Remittance_advice

    If the customer is paying by cheque, the remittance advice often accompanies the cheque. The advice may consist of a literal letter (e.g., "To Whom it May Concern: Your shipment of the 10th inst was received in good order; accompanying is our remittance of $52.47 per invoice No 83046") or of a voucher attached to the side or top of the cheque.

  5. How to Correct a Mistake on a Check: Step-by-Step - AOL

    www.aol.com/ve-mistake-while-writing-check...

    Your bank account number: The second set of numbers after the routing number is your bank account number which lets the recipient know where the funds are coming from.

  6. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    This bank will check the documents, and if they comply with the terms of the letter of credit, the issuing bank is bound to honor the terms of the letter of credit by paying the beneficiary. If the documents do not comply with the terms of the letter of credit they are considered discrepant. At this point, the nominated bank will inform the ...

  7. What is an irrevocable beneficiary? - AOL

    www.aol.com/finance/irrevocable-beneficiary...

    For example, in cases of divorce where minor children are involved, a court may require an ex-spouse to be named as an irrevocable beneficiary to ensure the children’s financial protection.

  8. Cheque clearing - Wikipedia

    en.wikipedia.org/wiki/Cheque_clearing

    Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system.

  9. Do I Need to Name Both an Annuitant and Beneficiaries ... - AOL

    www.aol.com/im-planning-estate-name-both...

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