uncollected funds

uncollected funds definition - business

uncollected funds

A deposit or a portion of a deposit that has not yet been collected by a financial institution. Financial institutions typically prohibit customers from writing checks on uncollected funds.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.