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Webster's New World Finance and Investment Dictionary » uncollected funds
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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