In check terminology, who is the remitter/payor?

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Multiple Choice

In check terminology, who is the remitter/payor?

Explanation:
Think of a check as a payment order drawn from a specific account. The remitter/payor is the person or entity who writes the check and instructs their bank to pay it. In essence, they are the source of funds and the payer. That’s why the remitter/payor is the person or entity the check is from. For context, the person or entity receiving the check is the payee, while the bank that handles the payment is involved in processing, but they are not the one who originates the payment.

Think of a check as a payment order drawn from a specific account. The remitter/payor is the person or entity who writes the check and instructs their bank to pay it. In essence, they are the source of funds and the payer. That’s why the remitter/payor is the person or entity the check is from.

For context, the person or entity receiving the check is the payee, while the bank that handles the payment is involved in processing, but they are not the one who originates the payment.

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