uncollected funds

Английский Язык - Английский Язык

Определение uncollected funds в Английский Язык Английский Язык словарь: 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)