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What does socialization mean?
NSF Check
Stands for Non-Sufficient Funds Check, which is a check that cannot be processed because the writer’s account does not have enough funds.
Outstanding Checks
Checks that have been written and recorded in the issuing account but have not yet been cashed or cleared by the bank.
Checks Outstanding
Checks outstanding refer to checks that have been written and recorded in accounting books but have not yet been cashed or cleared by the bank.
Deposits In Transit
Funds that have been received and recorded by a company but have not yet been recorded by the bank.
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