Substitute check: Difference between revisions
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imported>John Grout m (Add link to check) |
imported>Doug Williamson (Link with Truncation page.) |
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* [[Cheque]] | * [[Cheque]] | ||
* [[Clearing for the 21st Century Act]] | * [[Clearing for the 21st Century Act]] | ||
* [[Truncation]] | |||
Revision as of 20:57, 4 April 2015
US.
A negotiable instrument created by the Clearing for the 21st Century Act (Check 21).
A substitute check is an electronic version of a paper cheque, which is legally the equivalent of the original cheque and includes all the information contained on the original cheque.
