Returning bank definition

Returning bank means a bank (other than the paying or depositary bank) handling a returned check or no- tice in lieu of return. A returning bank is also a collecting bank for purposes of UCC 4–202(b).
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Returning bank means a bank (other than the payor bank or depositary bank) handling a returned check or a notice in lieu of return.
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Returning bank means a bank handling a returned check or notice in lieu of return, except the paying bank or the depositary bank.
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Examples of Returning bank in a sentence

  • Returning bank is defined to mean any bank (excluding the paying bank and the de- positary bank) handling a returned check.

Related to Returning bank

  • Authorised Participant means the Initial Authorised Participant, the Second Authorised Participant and any Additional Authorised Participant.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Replacement Agent means the Fiscal Agent or, in respect of any Tranche of Notes, the Paying Agent named as such in the relevant Final Terms or Drawdown Prospectus (as the case may be);

  • New Lender as defined in Section 2.1(c).

  • Disbursement Agent means Deutsche Bank National Trust Company, a national banking association, and its successors in interest, as disbursement agent under the Custodial and Disbursement Agreement, and any successor Disbursement Agent under the Custodial and Disbursement Agreement.