presentment of a check

См. также в других словарях:

• check — n 1: something that limits or restrains see also checks and balances 2: a written order signed by its maker directing a bank to pay a specified sum to a named person or to that person s order on demand see also negotiable instrument compa …   Law dictionary

• presentment — pre·sent·ment /pri zent mənt/ n 1: the act of presenting to an authority a formal statement of a matter to be dealt with; specif: the notice or accusation of an offense by a grand jury on the initiative of the jury members or on the basis of… …   Law dictionary

• Check 21 Act — The Check Clearing for the 21st Century Act (or Check 21 Act) is a United States federal law, Pub.L. 108 100, that was enacted on October 28, 2003 by the 108th Congress. The Check 21 Act took effect one year later on October 28, 2004. The law… …   Wikipedia

• presentment — A process by which a check is presented for payment at the drawee s bank. American Banker Glossary …   Financial and business terms

• Electronic Check Presentment - ECP — A process that allows financial institutions to exchange digital images of checks instead of paper to increase the speed of of the check cashing process. The signing of the Check Clearing for the 21st Century Act by President Bush permitted the… …   Investment dictionary

• Bill Presentment — The submission of a bill of exchange for payment. A bill, such as a bank check, is an instrument directs a third party to pay the recipient the fixed sum, while presentment refers to the act of submitting a legal document to another party.… …   Investment dictionary

• NSF Check — Banking term meaning that there are not sufficient funds to cover check drawn on account. A check that is dishonored on presentment for payment because the drawer does not have sufficient funds in his or her account to cover its payment. See also …   Black's law dictionary

• NSF Check — Banking term meaning that there are not sufficient funds to cover check drawn on account. A check that is dishonored on presentment for payment because the drawer does not have sufficient funds in his or her account to cover its payment. See also …   Black's law dictionary

• postdated check — A check carrying a date later than the date of actual execution, such being held to be payable at sight, or upon presentment thereof at the bank, at any time on or after the day of its date as such appears on the instrument. 11 Am J2d B & N § 287 …   Ballentine's law dictionary

• next business day — The secular or business day following a Sunday or a holiday. Uniform Negotiable Instruments L § 194. Within the meaning of the limitation of time for a drawee bank to determine whether or not it will pay a check presented for payment: until… …   Ballentine's law dictionary

• reasonable time — A period consistent with reasonable dispatch and without unreasonable delay. 37 Am J2d Fraud § 417. A time that is reasonable considering the nature, purpose, arid circumstances of the relevant act. UCC § 1 204(2). A time for presentment or a… …   Ballentine's law dictionary