A period of two to five days, used for presenting local checks or drafts that a payee bank’s customer deposits for payment at the drawn-upon bank. The proceeds are then credited to the customer’s account.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A period of two to five days, used for presenting local checks or drafts that a payee bank’s customer deposits for payment at the drawn-upon bank. The proceeds are then credited to the customer’s account.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.