A performance bank guarantee provides a secure promise of compensation of a set amount in the event that a seller does not meet delivery terms or other provisions in the contract. The purpose of this sort of guarantee is... More »

Bank examiners monitor and evaluate the operations and accounts of banks and credit unions to ensure that the institutions abide by the laws and regulations imposed on them by financial regulatory agencies. They help to ... More »

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Bank directors are responsible for ensuring sound banking operations by monitoring the conduct, integrity and performance of a bank's management and the bank's compliance to all regulatory requirements. Bank directors se... More »

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California law stipulates that anyone who finds money and takes possession of it must return it to the owner without a guarantee of compensation. If the owner is unknown, and the amount of money is over $100, the finder ... More »

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A buy-sell agreement is a contract that stipulates the transfer of one party's business interest to another party if a certain trigger event occurs in the seller's life. Trigger events include the seller retiring, becomi... More »

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The general steps of sending money through a bank wire transfer include obtaining the recipient's bank name, bank ABA routing number, bank account number and delivery instructions; contacting the bank to ask about the sp... More »

The "CR" next to a monetary amount on a bank or credit card statement represents a credit made to the account. A credit is when money is added to the account. More »