check clearing

Definition of "check clearing"
  1. A process where a bank collects funds for a check drawn on another bank
How to use "check clearing" in a sentence
  1. The bank swiftly executed the check clearing procedure for Ted's deposit.
  2. Kelly was informed that check clearing might take a couple of business days.
  3. Due to a national holiday, the check clearing process was considerably delayed.
Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z