Examlex
Match each abbreviation with its meaning.
-twice a day
Outstanding Checks
Checks that have been written and recorded in the paying entity's cash records but have not yet cleared the bank account.
NSF Check
A check that cannot be processed because the account on which it was drawn lacks sufficient funds, standing for Non-Sufficient Funds.
Outstanding Checks
Checks that have been written and recorded in the payer's ledger but have not yet been cashed or processed by the recipient's bank.
Checks Presented
Refers to the cheques that have been submitted for payment by the payee to the bank but have not yet been cleared.
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