under reserve

  

Definition

Situation in which a bank credits the amount of a check or draft to the depositor's account before it is cleared. If dishonored, an 'under reserve' item's amount is debited from depositor's account.

Related Videos




http://www.businessdictionary.com/definition/under-reserve.html

Mentioned in these terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z