uncleared effects |
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Definition
Checks and drafts that have been deposited by a bank's customer but have not completed the bank's clearing cycle: either they have not been paid by the drawee bank or the proceeds have not been credited to the customer's account. Also called uncollected funds or uncollected items.
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uncleared effects is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
uncleared effects appears in the definitions of the following terms: uncollected items, uncollected funds and uncleared check
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