uncollected funds

uncollected funds definition - finance
Money on deposit in a bank account that hasnÂ’t yet been paid out by the bank upon which the check was written. Banks wonÂ’t let account holders access uncollected funds until the other bank has transferred the funds.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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