Business Glossary

verification that a signature on a banking or brokerage document is legitimate and has been certified by an authorized person. Acknowledgment is needed when transferring an account from one broker to another, for instance. In banking, an acknowledgment verifies that an item has been received by the paying bank and is or is not available for immediate paymen

admission of the truth of a statement or validity of a document. See also attest

1. Banking.A notification by a paying bank that an item presented for payment has been paid, or that it cannot be honored.See also wire fate item
2. Securities.A verification, by an authorized official, that a customer's signature is genuine, required when transferring accounts to another broker or fiduciary.

declaration by a person who has signed a document that such signature is a voluntary act, made before a duly authorized person.

a declaration by a person who has signed a document that such signature is a voluntary act, made before a duly authorized person.

Example: Figure 5.