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Friday, July 20, 2012
What purpose does a proof of funds fulfill?
By definition, a proof of funds, commonly called a POF, is a document that shows that an individual or company has the ability and money available to use for a financial transaction.
The form it usually comes in is a custody, security or bank statement.
A proof of funds ensures that the money required for a transaction is obtainable, and of course, legitimate.
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proof of funds