|
In response to
"I'll be honest, I've never really understood how they work. I mean I understand the cheque part, but the actual cashing with all the signatures "
by
mafic
|
olden days people had signatures, not scribble scrawls. Amex would replace lost,stolen checks...this of course is also covered by credit companies
|
But in those days people were used to looking at signature and recognizedo the head guy's on the letter of credit
|