Cheque Clearing System definition
Cheque Clearing System means, in respect of a cheque paid into an account, the process by which a Payee’s account is credited and a Payer’s account is debited with the amount of a cheque, as referred to in the Payment Table;
Cheque Clearing System means, in respect of a cheque paid into an account, the process by which a Payee’s account is credited and a Payer’s