uncleared cheque definition

uncleared cheque means a cheque in relation to which a financial institution has not made a payment or other funds transfer based on that cheque.

Related to uncleared cheque

  • Certified check means a check accepted by the bank on which it is drawn. Acceptance may be made as stated in subsection (1) or by a writing on the check which indicates that the check is certified. The drawee of a check has no obligation to certify the check, and refusal to certify is not dishonor of the check.

  • Draft means a draft as defined in section 3104 or an item, other than an instrument, that is an order.

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

  • Payment Processor means any Person providing Payment Processing services in connection with another Person’s sale of goods or services, or in connection with any charitable donation.

  • Check means a draft, other than a documentary draft, payable on demand and drawn on a bank or a cashier's check or teller's check. An instrument may be a check even though it is described on its face by another term, such as “money order”.