Dictionary of Banking Terms: presentment
presentment
demand for payment of a check or other negotiable instrument. Checks are typically submitted for payment through a bank clearinghouse association, the Federal Reserve's check collection system, or by direct presentment to the paying bank. Presentment of checks to the paying bank may take place at various times during the business day, and as late as 2 P.M. for checks presented directly to the paying bank.
Dictionary of Business Terms: presentment
presentment
online billing. Useful for sending online invoices to customers after their orders have been fulfilled.
