Che cos'e Assegno Circolare?
Assegno Circolare A check guaranteed by the issuing bank, which verifies that sufficient funds exist and sets aside the amount for payment, ensuring payment to the recipient.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Assegno Circolare” Used in Practice?
L'assegno circolare garantisce il pagamento poiché la banca riserva la somma.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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Che cos'e Assegno Circolare?
A check guaranteed by the issuing bank, which verifies that sufficient funds exist and sets aside the amount for payment, ensuring payment to the recipient.
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