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Definition: (finance) A written order to a bank to pay money to somebody.
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* All five elements should be in.


1. Purposeful and necessary to write order.

2. Authorized. That is, order issued is genuine.

3. Valid. That is, paying bank will honour written request.

4. Error-free. That is, the words and numbers written are without a mistake and are clearly legible.

5. Money in bank is not the proceeds from illegal or corrupt acts.
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See perfect NUMBERED ACCOUNT.

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