Checks

Categories: Banking, Regulations, Bonds

Pieces of paper that can be used to pay for things... at the few places that still accept them, that is. The check basically represents the amount of money you agree to have a company withdraw from your account. Since checks can bounce (meaning they can't be cashed in because you don't have enough money in the bank) or can be used to commit fraud pretty easily, they're not super popular anymore.

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