German and English have been closely related for many centuries. But I've been trying to make sense of the terms using the *other* half of English, since so many of these words seem to have Latin roots.
Valid: having value; acceptable for certain transactions. A bank draft is valid if it identifies an actual bank, identifies an actual account at that bank, is signed in the appropriate place by an appropriate person, is not too old, and has other correct corroborating information. Verified: tested and found truthful. A bank draft is verified if you ask the purported issuer and he agrees that he issued it, or trusted records show that he did, for that account and in that amount and to that payee. Authentic: properly associated with the entity which it claims; genuine. A bank draft is authentic if it was issued by the person named in the signature and other marks. It is typically authenticated by comparing the signature sample on the draft to a trusted signature sample, either already on file or executed by the named person in the presence of the authenticator. (Apparently Latin borrowed this one from Greek.) Is that of any help at all? -- Mark H. Wood, Lead System Programmer [email protected] Machines should not be friendly. Machines should be obedient.
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