RAC Check definition

RAC Check. A refund anticipation check that is a Cashier's Check, express refund check that is a Cashier's Check, or refund processing transfer issued to a customer or, if a direct deposit option is chosen, an ACH transfer initiated to a customer, after the IRS and/or state taxing authority has notified Imperial of the amount of a wire transfer to be received by Imperial from the IRS and/or state taxing authority in connection with such customer's tax return.
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Examples of RAC Check in a sentence

  • The RAC Agreement and the related RAC Check issued and delivered to such taxpayer pursuant to the Refund Anticipation Check Service.

  • If a RAL Check, RAC Check, Denied RAL Check, or Excess Check is not presented to Imperial by a mutually agreed upon time, the Parties agree that a sale of such item shall be deemed not to have occurred, and Imperial shall promptly return the purchase price to HTMAC or HTMAC's Assignee, as applicable, for such unpresented item.

  • The agreement between a taxpayer and Imperial pursuant to which Imperial issues a RAC Check to such taxpayer.

Related to RAC Check

  • E-Check means any check which You authorize the payee to process electronically. For joint accounts, read singular pronouns in the plural.

  • Baggage Check means those portions of the Ticket which relate to the carriage of your Checked Baggage.

  • Self-Check means an integrated function that checks for a system failure on a continuous basis at least while the system is active.

  • Police Check means a formal inquiry made to the relevant police authority in each State or Territory and designed to obtain details of an individual’s criminal conviction or a finding of guilt in all places (within and outside Australia) that the Grantee knows the person has resided in;

  • User seal check or "fit check" means an action conducted by the respirator user to determine if the respirator is properly seated to the face. Examples include negative pressure check, positive pressure check, irritant smoke check, or isoamyl acetate check.