Cleared Funds — A balance in an account that is able to be withdrawn or used in financial transactions. Until funds are considered to be cleared funds they are considered to be pending, and investors or customers will be unable to conduct transactions with them … Investment dictionary
Cleared funds — An ISO term. See preferred term Available funds … International financial encyclopaedia
cleared date — / klɪəɪd deɪt/ noun a date on which a cheque has cleared and funds have been removed from the account … Dictionary of banking and finance
cleared for fate — Denoting the date on which the payer s bank has confirmed that funds are available to provide value for a transfer in accordance with the instructions given in a cheque, etc. See: clearing cycle … Accounting dictionary
cleared for fate — Denoting the date on which the payer s bank has confirmed that funds are available to provide value for a transfer in accordance with the instructions given in a cheque, etc. See clearing cycle … Big dictionary of business and management
Available Funds — Funds that are available to an account holder for withdrawal or other use. This may include funds from an overdraft facility or line of credit, as well as funds classified as the available balance, such as from cleared and existing deposits.… … Investment dictionary
Electronic funds transfer — or EFT refers to the computer based systems used to perform financial transactions electronically.The term is used for a number of different concepts: * Cardholder initiated transactions, where a cardholder makes use of a payment card * Direct… … Wikipedia
Federal funds — This article is about funds maintained by the U.S. Federal Reserve. For the funds provided by the U.S. government in terms of aid and assistance, see Federal aid. In the United States, federal funds are overnight borrowings by banks to maintain… … Wikipedia
Uncollected Funds — The amount of a bank deposit that comes from checks that have yet to be cleared by the bank from which the checks are drawn. Essentially, uncollected funds are sums of money that the bank needs to account for prior to releasing the funds to the… … Investment dictionary
Next-Day Funds — In banking, money that becomes available for use on the day following the day it is deposited. In investing, next day funds are available the business day following a trade; however, most trades have used same day funds settlement since 1996,… … Investment dictionary
a cheque clears/is cleared — ► if a cheque clears, or a bank clears it, money is made available because it has been successfully paid from one account to another: »You will not be able to withdraw funds until the bank has cleared your cheque. Main Entry: ↑cheque … Financial and business terms