Presented Item definition

Presented Item means a check drawn on the Authorized Account or an ACH transaction presented to the Bank for payment.
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Presented Item means an Item drawn on an Authorized Account and presented to the Bank for payment through the Item collection system. Return Request means the instructions of the Customer to the Bank instructing the Bank not to pay an Exception Item.
Sample 1
Presented Item means either a Presented Check or another item such as an ACH Entry drawn on an Authorized Account and presented to Bank for payment.
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Examples of Presented Item in a sentence

  • The Company acknowledges and agrees that by enrolling in and using the Positive Pay Services, each Presented Item will be processed as described herein and that Bank shall have no obligation to perform its customary or any other check verification procedures including, without limitation, inspecting any check for the presence of any number of designated signature(s) or determining whether any signature is authorized or valid.

  • If the Issue Information matches the information on a Presented Item, the Bank is hereby authorized to pay such item.

  • Payee Positive Pay Payee Positive Pay enhances the Bank’s Positive Pay Service by additionally comparing the payee name from the Presented Item against the payee name on the Issue Information.

  • If any of the Issue Information does not match the information on a Presented Item, the Bank will identify the item as an exception item (“Exception Item”), and report it to the Company by sending an exception report (“Exception Report”) specifying the item serial number, the item amount and the reason why the item is an Exception Item.

  • Any Presented Item that is damaged, lost or destroyed (“Damaged Checks”) so as to be rejected by automated processing systems during processing will not be covered by this Agreement.

  • You agree that the Bank exercises ordinary care whenever it rightfully pays or returns a Presented Item consistent with the provisions of this Agreement.

  • If the Bank honors a Presented Item that is listed on an Issued Check File, Single Entry Input or Payment Rules, or honors a pay or return request in response to an Exception Item, such honor shall be rightful, and you waive any right you may have to assert that the Presented Item was not properly payable under California Commercial Code Section 4-401.

  • The Bank will compare each Presented Item against each Issued Check File, Single Entry Input or Payment Rules received by the Bank.

  • Each business day, the Bank will: • Pay and charge to the Authorized Account each Presented Item that is matched in the Issued Check File, Single Entry Input or Payment Rules if there are sufficient funds in the Authorized Account for payment.

  • LGS shall return each Presented Item to Consignor or transfer ownership of any Presented Item to LGS, at Consignor’s preference and expense, within ninety (90) days of LGS’s receipt of a Notice; provided, however, that absent direction otherwise, LGS will return each Presented Item to Consignor at Consignor’s expense.


More Definitions of Presented Item

Presented Item means a check or other item drawn on your Account and presented to us for payment through the Federal Reserve.
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Related to Presented Item

  • Presenter means a person making a presentation as or on behalf of a beneficiary or nominated person.

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

  • Unsubstantiated means the same as that term is defined in Section 62A-4a-101.

  • Voucher means an instrument where there is an obligation to accept it as consideration or part consideration for a supply of goods or services or both and where the goods or services or both to be supplied or the identities of their potential suppliers are either indicated on the instrument itself or in related documentation, including the terms and conditions of use of such instrument;

  • Reporter means the person who is responsible for reporting to the division of workers’ compensation pursuant to the Iowa workers’ compensation laws and includes an employer, an employer who has been relieved from insurance pursuant to Iowa Code section 87.11, and an insurance carrier which provides an employer workers’ compensation insurance.

  • Substantiated means an abuse investigation has been completed by the Department or the Department's designee and the preponderance of the evidence establishes the abuse occurred.

  • Presentation means delivery of a document to an issuer or nominated person for honor or giving of value under a letter of credit.

  • Meal means an adequate, well-balanced serving of a variety of wholesome, nutritious foods.

  • Abstract means a written or electronic summary of all matters of record affecting title to a specific parcel of real estate prepared in accordance with abstract minimum standards adopted by the division, provided however, that for nonpurchase transactions, “abstract” may also mean a written or electronic short-form summary setting forth the titleholders, liens, and encumbrances in accordance with guidelines adopted by the division.

  • Submittal means Bids, Proposals, Quotes, qualifications or other information submitted in response to requests for Bids, Requests for Proposals, Requests for Qualifications, requests for Quotations, or other City requests for information, as such terms are defined in Section 1.06.251 TMC.

  • Credit Voucher means a document executed by a Merchant evidencing any refund or price adjustment relating to Cards to be credited to a Cardholder account.

  • Trainee means an employee engaged under the terms of this award and in accordance with the provisions of an Australian Traineeship established pursuant to Section 37D of the Industrial and Commercial Training Act 1975 and approved by the State Management Committee.

  • Registered professional nurse means that term as defined in section 17201 of the public health code, 1978 PA 368, MCL 333.17201.

  • ‘Preparation Advance’ means the advance referred to in the Financing Agreement and repayable in accordance with Section 2.07.”

  • Attendee or “Participant” means persons attending or participating in the Program as (i) a presenter, speaker, trainer, or student, (ii) the Judicial Council’s staff, and/or (iii) the guests of any of the persons listed previously.

  • Legal custody means (i) a legal status created by court order which vests in a custodian the right to

  • Legal custodian means an individual who is at least 18 years of age in whose care a minor child remains or is placed after a court makes a finding under section 13a(5) of chapter XIIA of the probate code of 1939, 1939 PA 288, MCL 712A.13a.

  • Substantiated report means a report of sexual conduct that TSPC or ODE determines is founded.

  • Registered Professional means a professional registered or licensed by and in the State of Florida and practicing under Chapter 471, 472, 481, or 492, F.S.

  • Disputed Item has the meaning set forth in Section 1.3(c).

  • Class Counsel means Xxxxxx X. Xxxxxx of Xxxxxx Xxxxxx Xxxxxx LLP, Xxxx Xxxxxx Xxxxxxxxxx of Xxxxxx Xxxxxxxx LLP, and Xxxxx X. Xxxxxxxxxx of Hausfeld LLP.

  • Prehearing conference means a proceeding scheduled and conduc- ted by a hearing officer to address issues in preparation for a formal administrative hearing.

  • Hearing aid means an instrument or device designed for regular and constant use in or proximate to the human ear and represented as aiding or improving defective human hearing.

  • Unaccompanied youth means a youth not in the physical custody of a parent or guardian and includes youth living on their own in any of the homeless situations described in the McKinney-Vento Homeless Education Act.

  • Physical education means the development of:

  • Job applicant means a person, independent contractor, or person working for an independent contractor who applies to become an employee of the school district in a position that does not require a commercial driver’s license, and includes a person who has received a job offer made contingent on the person’s passing drug or alcohol testing. Job applicants for positions requiring a commercial driver’s license are governed by the provisions of the school district’s drug and alcohol testing policy relating to school bus drivers (Section III.).