Examlex
An Edge Act bank is typically located in a state different from that of its parent in order to get around the prohibition on interstate branch banking.
Outstanding Checks
Checks that have been issued and recorded in the issuer's ledger but have not yet been cashed or cleared by the bank.
Reconciled Balance
The balance amount after accounting adjustments have been made to reflect true financial position.
Bank Statement
A document provided by a bank that summarizes an account holder's transactions and balances over a specific period of time.
Outstanding Deposits
Deposits that have been made to an account but not yet credited or available for use.
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