Uncollected funds

Definition:

The amount of bank deposits in the form of checks that have not yet been paid by the banks on which the checks are drawn.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Official settlements balance (overall balance)

An overall measurement of a country's private financial and economic transactions with the rest of the world.

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