uncollected funds

English - English

Definition of uncollected funds in English English dictionary

The portion of bank deposits held as checks which have not yet been exchanged for funds from the bank on which the check was drawn

Refers to items deposited in an account that have not yet been collected, or paid, by the bank on which they were drawn Unsecured credit - Credit that is not secured with collateral A customer can qualify for unsecured credit based on their credit history and financial strength U S Treasury bill - Commonly called a bill or T-bill A Treasury bill is a short-term government security sold through competitive bidding at weekly and monthly auctions in denominations from $10,000 to $1 million T-bills mature in less than one year, are the most widely used of all government debt securities and are a primary instrument of Federal Reserve monetary policy

Reason for returned check: the amount of a check is greater than the amount in the debtor's checking account

The amount credited to a depositor's account not yet available to the depositor Back to Top

The amount of bank deposits in the form of checks that have not yet been paid by the banks on which the checks are drawn

Funds that have been deposited in an account or cashed against an account by a check that has not yet been cleared through the check collection process and paid by the drawee bank Financial Institutions typically place a temporary hold on their customers' uncollected funds, making those funds unavailable for withdrawal until the time period of the hold expires

The portion of the deposit not yet collected by Highland Bank If a negative collected balance occurs during the month, it will be charged interest at the Wall Street Journal Prime Rate plus 3%

The dollar amount of deposited cash items that have been given immediate, provisional credit but are in the process of collection from drawee banks; also known as uncollected funds Also referred to as float

Refers to items deposited in an account that have not yet been collected, or paid, by the bank on which they were drawn

(see Uncleared Deposits)

Hyphenation

un·col·lec·ted funds

Turkish pronunciation

ınkılektîd fʌndz

Pronunciation

/ənkəˈlektəd ˈfəndz/ /ənkəˈlɛktɪd ˈfʌndz/