A temporary delay in funds availability of a checking account. Bank regulations require delays before a check to clear in order to prevent bad checks to be cashed before they are cleared. Local checks usually take two days to clear while out of town checks take five days.
Related information about deferred availability:
- Deferred Availability: Definition from Answers.com
Deferred Availability Temporary delay in funds availability on checks drawn on out-of-town banks. Checks with 0-day availability are credited the same.
- Deferred Availability Definition | Investopedia
A delay in the availability of funds to the holder of a commercial bank account upon depositing a check as his/her bank awaits payment from the paying bank.
- What is deferred availability? definition and meaning
Definition of deferred availability: A temporary delay in funds availability of a checking account. Bank regulations require delays before a check to clear in order ...
- Federal Reserve Statement as supplied by EagleTraders.com
Deferred availability cash items. Such items arise because Reserve banks do not give immediate credit to the account of a depositing institution for all checks ...
- Check 21 Special Sort Deposit and Receipt ... - FRBservices.org
SECTION 1: DEFERRED AVAILABILITY OPTION. .... Deferred Availability Cash Letter – Deposit a Mixed, Pre-Sort or Fine Sort Cash Letter with an option to ...
- 13The Fed's Balance Sheet and the Monetary Base
Deferred-availability cash items. 6.7. Cash items in process .... These promises are the deferred-availability items and are a liability of the Fed. 6. Other Federal ...
- Appendix to Chapter 8
Deferred-availability cash items. 4.1. Cash items in process of .... ises are the deferred-availability items and are a liability of the Fed. 6. Other Federal Reserve ...
- deferred credit Definition | Business Dictionaries from AllBusiness.com
deferred credit. See also unearned discount , deferred availability · Dictionary of Business Terms. deferred credit. income items received by a business, but not ...