Any check given immediate credit to a customer's account, before a bank has received payment from the paying bank. Examples are a Depository Transfer Check and a pre-authorized check. See also Collection Items.
| Banking Dictionary: Cash Items |
Any check given immediate credit to a customer's account, before a bank has received payment from the paying bank. Examples are a Depository Transfer Check and a pre-authorized check. See also Collection Items.
| 5min Related Video: Cash Items |
| Authorized Settlement Agent (in banking) | |
| Bank of First Deposit (in banking) | |
| Collection (in banking) |
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![]() | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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