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| 1.
| | == Summary == |
| | | Importing files from local file repository |
| ''Banking''.
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| A procedure in which the physical movement of paper payment instruments (for example paid cheques or credit transfers) within a bank, between banks or between a bank and its customer is curtailed or eliminated, being replaced, in whole or in part, by electronic records of their content for further processing and transmission.
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| 2.
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| The shortening of any piece of information, usually by removing the last part.
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| For example the number 9.876, truncated to one decimal place, would become 9.8.
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| It is not good practice to truncate numbers in this way.
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| It is normally better to round, if a simpler presentation is appropriate.
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| (9.876 would round to 9.88 or 9.9.)
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| == See also == | |
| * [[Cheque truncation]]
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| * [[Substitute check]]
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| * [[Rounding]]
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Latest revision as of 09:28, 27 July 2023
Summary
Importing files from local file repository
