Examlex
Punishment is also called
Checks Written
Refers to checks that a company or individual has written and issued but which have not yet been cashed or cleared through the banking system.
NSF Check
A check that cannot be processed because the account it is drawn on does not have sufficient funds.
Outstanding Checks
Checks recorded in the checkbook register that have not yet been processed or debited by the banking institution.
Checks Cleared
The process by which banks verify and process the transfer of funds from the check writer's account to the recipient's account.
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