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Typically, the MOST intense teen-parent arguments occur:
Outstanding Checks
Checks that have been issued and recorded in the account ledger but have not yet been cashed or cleared by the bank.
Checks Cleared
A term indicating that checks issued have been presented and successfully processed by a bank, deducting the amount from the payer's account.
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.
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