The terms "check," "bank," and "invoice" are often used in financial and business contexts, each with its own specific meaning:
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Check: A check is a written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer. It functions as a substitute for cash and can be used to pay for goods and services or to transfer money from one account to another.
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Bank: A bank is a financial institution licensed to receive deposits and make loans. Banks may also provide financial services such as wealth management, currency exchange, and safe deposit boxes. Banks are central to the financial system, offering a secure place for individuals and businesses to store and manage their money.
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Invoice: An invoice is a document issued by a seller to a buyer that itemizes and records a transaction. It typically includes the products or services provided, the quantity, the agreed price, payment terms, and the due date. Invoices are used in business transactions to request payment for goods or services rendered.
