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The process by which a Check or a Bank draft is authorized and confirmed for the Transfer of funds from one Account to another.

Related Terms: 9 Account, Authorize, Bank draft, Check, Draft, Fund, ROC, ROCE, Transfer

Other Related Pages: Category: Banking Starting With: C

Additional Related Terms: 10-K, 12b-1 funds, Account, Account statement, Allowance for depreciation, Account aggregation, Account balance, Active account, Agent bank, Alternate account