PROMPT, in the context of notifying receipt of funds, means what?

• A. Hours or days, not weeks
• B. Weeks or months
• C. Minutes after receipt
• D. Immediately at the moment of receipt without any delay

Answer: (A)

Prompt means giving notice within a short, reasonable period after funds are received. In most contexts, that window is hours or days, not weeks. Minutes or immediate notice can be impractical given processing and verification steps, while weeks or months would defeat the purpose of prompt notice. If a contract or statute sets a specific timeframe, that governs; otherwise, reasonableness based on the transaction and typical procedures applies.