answersLogoWhite

0


Best Answer

A check authorizes a transfer of funds, usually from one bank account to a different bank account (although checks can also be cashed, in which case the funds transfer from one bank account to cash). Once this transfer has taken place, the check is said to have cleared. If the check has not yet cleared, then it is said to be outstanding.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: When a check has been issued what does status outstanding mean?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

What is Difference between issued and outstanding shares?

Issued Shares: The number of shares that has ever been sold to and held by the shareholders of a company. Includes stock that has been repurchased by the company. Does NOT include shares that have been retired.Outstanding Shares: Stock currently held by investors. Does NOT include stock that has been repurchased by the company..If either no shares have ever been repurchased or if all repurchased shares have been retired then Outstanding shares = Issued Shares.


What is Difference between issued shares and outstanding shares - 41k?

Issued shares(I) are shares of stock that have been sold to investors. It includes both outstanding shares(O) and Treasury shares(T). Thus, I = O+T Outstanding shares(O) are shares of stock currently owned by the shareholders.


How do you find out if your Perkins loan has been paid off?

First, you can check online whether your income tax refund was applied to the loan by going to https://sa1.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp. If your refund was applied to an outstanding debt to the government, the refund query will give you a number to call to check on the status of your account. Then, as to whether your loan is fully paid or not, contact Sallie Mae. You can check your loan status online at http://www.salliemae.com/get_student_loan/apply_student_loan/checking_status/.


If a check has been outstanding for 5 months what should you do?

A bank is not obligated to honor a check older than 6 months. However before adding the money back into your check register contact the bank to see what their check policy is.


Can a stop payment be put on a check after it has been run through a bank account with insufficient funds?

No. A Stop Payment can be issued on a check only before it is being submitted for clearance. If the person to whom you have issued the check has not yet deposited it into his account or if you have lost the check itself, you can issue a stop payment on it. But, if the check has already been deposited and returned by the bank because of lack of funds, you cannot issue stop payment.

Related questions

How do you see if a cashier check has been deposited by the person who it was sent to?

You would have to contact the bank that issued the cashiers check and see if they can determine the status of the check for you. This usually requires that you know the check number and that you are the person who purchased the check originally.


What is Difference between issued and outstanding shares?

Issued Shares: The number of shares that has ever been sold to and held by the shareholders of a company. Includes stock that has been repurchased by the company. Does NOT include shares that have been retired.Outstanding Shares: Stock currently held by investors. Does NOT include stock that has been repurchased by the company..If either no shares have ever been repurchased or if all repurchased shares have been retired then Outstanding shares = Issued Shares.


What is Difference between issued shares and outstanding shares - 41k?

Issued shares(I) are shares of stock that have been sold to investors. It includes both outstanding shares(O) and Treasury shares(T). Thus, I = O+T Outstanding shares(O) are shares of stock currently owned by the shareholders.


What is status of your policy?

The status report of a policy shows how much premia has been paid, bonus earned, any premia outstanding etc. in details on a particular date.


1999 sebring jxi and have been told your front lower ball joints are shot - you have also been informed by another source that there was a safety recall on these that was issued years ago?

Call your local Chrysler dealer with the VIN and they will check your recall status.


Is there a countrywide database for traffic violations?

There is in the UK - it's called the Police National Computer (PNC). Any serving officer can interrogate the PNC to check whether a car (or a person) has any outstanding tickets against them. The PNC holds detals of every ticket issued - including the date, time, location and name of the officer who issued it - along with wehther it's been paid or not. Anyone with an outstanding ticket can expect a visit sooner or later !


Can a stop payment be issued on a check that has already been paid from an account?

No. It has already been paid.


What is the meaning of check generated?

When a business says a check has been generated it means that a check has been issued to you. The Social Security Administration is one place that uses this terminology.


What happens when a estate has been settled for two years and an outstanding payroll check surfaces?

First, you should contact the attorney who handled the estate and ask if they can advise you on how to obtain the funds. If that's not possible then you should make a copy of the check, a copy of the Letters Testamentary that were issued to the executor, a copy of the will that shows who would receive the funds and a copy of the final account showing that estate is closed. You should send that packet to the legal department of the entity that issued the check. Ask that they re-issue the check in the name of the heirs so they may cash it.


What does it mean when it says warrant status none?

If you are reading off a report or a status sheet of some type, all that means is that no warrant exists or had been issued at the time the paperwork sheet was filled out.


What does it mean when the warrant status says none?

If you are reading off a report or a status sheet of some type, all that means is that no warrant exists or had been issued at the time the paperwork sheet was filled out.


How do you find out if your Perkins loan has been paid off?

First, you can check online whether your income tax refund was applied to the loan by going to https://sa1.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp. If your refund was applied to an outstanding debt to the government, the refund query will give you a number to call to check on the status of your account. Then, as to whether your loan is fully paid or not, contact Sallie Mae. You can check your loan status online at http://www.salliemae.com/get_student_loan/apply_student_loan/checking_status/.