Examlex
In the equation E = hf, the f stands for
Outstanding Checks
Checks that have been written and recorded in the accounting books but have not yet been cashed or cleared by the bank.
Non-Sufficient Funds
A situation where a bank account does not have enough money to cover a transaction, resulting in a failed payment.
Outstanding Checks
Checks that have been issued by a company but have not yet been cashed or cleared by the bank upon which they are drawn.
Bank Statement
A monthly report from a bank that shows deposits recorded, checks cleared, other debits and credits, and a running bank balance. This same information is available on a daily basis from the bank’s online banking site.
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