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Exchange (10)
EXCHANGE (10)

Definition: (usually plural) (American, banking) Checks sent to a clearing house.
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* All seven elements should be in.


1. Purposeful and necessary.

2. Genuineness is confirmed before dispatch.

3. Number and quantity will be worth the expenses involved.

4. Sent early, once received (connect to #3).

5. Proper documentation of dealing is ensured at both ends.

6. Treated promptly by confirming institution.

7. Activity achieves objective(s), whatever the outcome(s).
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See perfect CLEARING HOUSE (1).

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