Easily Replace Selected Option in the Money Transfer Agreement

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How to Replace Selected Option in the Money Transfer Agreement

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hello and welcome to trading five talents in todays video i want to go over the stock replacement strategy so what is the stock replacement strategy its when you exit your long stock position and then enter a leaps call option so basically youre replacing your stock position with a call option so what are the leaps call options well leaps is an acronym and it stands for long term equity anticipation security which basically means its a very long dated options contract so it can either be a leaps call option or there are also leaps put options but the one were going to be discussing today is going to be a leaps call option so if we look at the profit and loss graph for just the standard stock in this case the example is mara m-a-r-a this is marathon digital so you can see here that when you purchase a stock at the current market price in this case it was 10.93 when i took this screenshot you can see as a stock goes up obviously your profit goes up thats the idea of a long stock po

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How long does a bank have to correct an EFT error?

If the financial institution determines an error occurred, within either the 10-day or 45-day period, it must correct the error (subject to the liability provisions of 1005.6(a) and (b)) including, where applicable, the crediting of interest and the refunding of any fees imposed by the institution.

When a customer reports an EFT error what action must the bank take?

If a mistake was made, the institution must correct it within one business day. Occasionally, banks can take up to 45 days to conduct the investigation, but in these cases, the bank has to give the disputed money back to you until the process is over.

What does the EFTA require banks to do choose 2 answer choices?

The EFTA requires banks to limit the amount of money that can be withdrawn from your account during any given time period. Most banks set the limit at $200 or $300 each day, meaning you cannot electronically withdraw more than this amount in cash within a 24-hour period.

What are considered EFT transactions?

Electronic funds transfer (EFT) is a transfer of funds is initiated through an electronic terminal, telephone, computer (including on-line banking) or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit a consumers account.

What is one of the things required in the EFT contract?

Receipts must be made available at the time a consumer initiates an EFT at an electronic terminal. Financial institutions may provide receipts only to consumers who request one.

What are some examples of EFT?

Here are the most common types of EFT: Electronic Checks. In this payment, a digital check is generated upon the payers authorization. Direct Deposit. With direct deposit, funds are automatically deposited into an account with little to no paperwork. Phone Payments. ATM Transactions. Card Transactions. Internet Transactions.

How long does it take for electronic fund transfer to process?

While it takes seconds to initiate an EFT payment transaction, it takes banks 1 to 3 days to process the payments, or for the money to end up in a businesss bank account. Some EFT payments, such as wire transfers, are received the same day.

What is not an EFT transaction?

Gift cards, stored-value cards, credit cards, and prepaid phone cards are excluded from the EFTA.

What are considered EFT errors?

An unauthorized EFT. An incorrect EFT to or from the consumers account. The omission from a periodic statement of an EFT to or from the consumers account that should have been included. A computational or bookkeeping error made by the financial institution relating to an EFT.

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