CHECKING ACCOUNT Definition

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CHECKING ACCOUNT is an account at a bank or savings and loan from which an individual can withdraw money by check, ATM card or debit card.

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CASH SETTLEMENT, in short-term securities, is payment and delivery made on the same day as the trade date.

FORWARD, in securities, is an agreement between two parties to exchange specific items, for example, two currencies, at a specified future date and a specified price.

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