âHastenâ or âspeed upâ, not âfastenâ. If it is a check you wrote on a BofA account to someone else, the issue may be that they have not deposited the check yet. Once deposited, most checks clear in one day as banks use electronic images of the checks, not the actual checks, to clear them.
The transferee. corporation's basis in the property transferred by the transferor in a. Section 351 transaction generally is the same as the transferor's basis, increased by the amount of any gain recognized by the transferor.roup, and the group will own control of Holdco after the transaction. Accordingly, Section 351 will apply to each of A, B, E and F (as to A. and B, the transaction also may qualify as a reorganization under. Section 368(a)(1)(B)).
Foreign Exchange Transaction Law & Legal Definition. Foreign exchange transaction is a type of currency transaction that involves two countries.Generally, a foreign exchange transaction involves conversion of currency of one country with that of another. The conversion of currency in a foreign exchange transaction can be performed through :1. buying or selling of goods and services on credit;2. borrowing or lending funds. A foreign exchange transaction is usually carried out in foreign exchange markets. An example of a foreign exchange transaction is where a person buys dollars and sells pounds.. buying or selling of goods and services on credit; 2. borrowing or lending funds. A foreign exchange transaction is usually carried out in foreign exchange markets. An example of a foreign exchange transaction is where a person buys dollars and sells pounds.