SEARCH THE BUSINESS GLOSSARY
- checks or drafts that have not been presented to the paying bank for payment, or are still in the process of collection.
- aggregate amount owed by a bank's credit card holders; this usually is less than total card volume due to early payments.
Finance:uncollected funds, or accounts receivable; also unpaid obligations.
Securities:a corporation's capital stock; stock issued and sold to investors, less stock repurchased by the issuer (treasury stock).
Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.