Pending Collection definition
Pending Collection. Any and all funds which are subject to non-cash payment orders and are still pending processing.
Examples of Pending Collection in a sentence
BIBTC will not be obliged to withdraw from your Account any amount which is Pending Collection.
Collection Documents Generation Exception Report This report is produced for any records from the Pending Collection Agency Referral (COLLR) table that do not result in the generation of Referral to Collection Agency documents.
If Buyer receives payment for any Stored Materials Pending Collection, Buyer shall remit such payments to Seller within five business days after receipt.
Canceling Collections: You may cancel any Pending Collection via the ACH Collections Service if you do so no later than the Cutoff Time, on the Send On Date.