Word: check
Definition:
A written, dated, and signed instrument that directs a bank to pay a specific amount of money to the bearer.
Sample Sentence:
She wrote a check for $1,000 to pay the contractor for remodeling the kitchen.
Why It Matters:
Checks are common negotiable instruments used in both personal and commercial transactions.
Quick Tip:
Always verify the issuer’s account status before accepting a large check.
Source: https://legal.thomsonreuters.com/blog/legal-glossary/
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