1. Checks, drafts, or other negotiable instruments lost in the clearing process.
2. Sales draft lost between a bank card processing center and either the card issuing bank or the merchant processing bank.
| Banking Dictionary: Lost in Transit |
1. Checks, drafts, or other negotiable instruments lost in the clearing process.
2. Sales draft lost between a bank card processing center and either the card issuing bank or the merchant processing bank.
| 5min Related Video: Lost in Transit |
| miscarry | |
| Clash of Steel (1964 Adventure Film) | |
| Forget Paris (1995 Comedy Drama Film) |
Copyrights:
![]() | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
Mentioned in