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by otteromkram
920 days ago
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He doesn't always leave some footwork up to the reader. Take this passage, for example, where the term "Clearing" is expanded upon: > The UCC facilitated banks clearing each others’ checks. (“Clearing” is a magic finance word. Clearing a check refers to completing the process which the check agrees to: the writer sees money leave their account and the person depositing the check sees it enter theirs. This is much more complicated than it sounds in this quick gloss.) |
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