truncation definition
truncation means a settlement process in which the physical transfer of a paper based payment instrument is substituted by the exchange and storage of its image or the corresponding electronic information.
truncation means a procedure in which paper payment instruments within a bank, between banks or between a bank and its customers are replaced, in whole or in part, by electronic records for their further processing and transmission; and
truncation means the original share draft is not returned to the member.
More Definitions of truncation
truncation of a metric spine S of P shall mean the subgraph obtained by cutting off an end of each infinite-length ray. An H-thickening of such a truncated metric spine (for some H > 0) is obtained by taking the points in P whose vertical distance from the truncated spine is not greater than H. This is then a subsurface of P comprising rectangles of height H on each half-plane.
truncation means a procedure in which the physical movement of paper payment instruments within a bank, between banks or between a bank and its customer is curtailed or eliminated, and replaced, in whole or in part, by electronic records of their content for further processing and transmission.
truncation means deletion of one or more native amino acid residues from an N- terminus or C-terminus of a native sequence.
truncation means the process in which a numerical figure is shortened to a specified number of decimal places by removing the trailing digits.
truncation of the scan. It means that some attenuation information is lost from the reconstruction. It also means that the object is larger than the FOV. (Note that “object” includes any holder or surrounding material.)
truncation means a settlement process in which the physical exchange of a paper based payment instrument is substituted by the exchange of images and data in electronic format. Cheque truncation involves stopping the physical movement of cheques and the replacement of physical instrument by images of the instrument and corresponding data contained in the item MICR line.
truncation means, in part, removing an original check from “forward collection,” defined in proposed rule Section 229.2(q) as being based upon handling of items on a “cash basis” for presentment to a paying bank. “Collecting bank” as defined in proposed rule Section 229.2(rr) defines any bank handling a check for forward collection, except the paying bank. Under the UCC, a “collecting bank” is any bank other than the paying bank, handling an item for collection. See UCC § 4-105(5). Collection is not limited to cash items.