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Financial terms starting with "A"

1. alimony

2. Asset for asset swap

3. alternate valuation date

4. AIPA

5. asset conversion loan

6. A/C circuit

7. Abnormal Obsolescence

8. Aggressively

9. anti-trust

10. After-tax basis

11. Amount outstanding and in circulation

12. Advance Corporation Tax

13. Accounts receivable financing

14. ad valorem

15. Advance Payment

16. Appellant

17. ABM

18. Affiliate Under Foreign Control

19. Average Wage Or Salary Rates

20. Acronym

21. Australian Securities Exchange

22. ACH

23. Acceptance Region

24. asset coverage

25. all or none

26. ASEAN Free Trade Area

27. Anthony Kennedy

28. abatement

29. Accredited Valuation Analyst (AVA)

30. Administrator With Will Annexed

31. alternative mortgage

32. adjustment trigger

33. aggregate demand

34. average days' sales uncollected

35. Alan Greenspan

36. absolute return index

37. application number (patent)

38. automatic increase in insurance provision

39. Alpha

40. Affirmative obligation

41. Adjuster

42. airport revenue bond

43. Agricultural Market Access Database

44. assignor

45. Annuity unit

46. Alternative Documentation

47. Affidavit of Domicile

48. Age-price Profile

49. Atomic Energy

50. Age Reached During The Year

51. abeyance

52. Age Discrimination in Employment Act (ADEA) of 1967

53. A/C condenser

54. approximate

55. AON

56. annual aggregate deductible

57. Acquisition Of Technology And Knowledge

58. advance funded pension plan

59. Academy Of Financial Divorce Practitioners

60. A-B Trust

61. Average (across-day) measures

62. Absolute Frequency

63. advance/decline Ratio (A/D)

64. assessed loss

65. alienate

66. Asian monetary unit

67. Asset-backed Securities

68. administrative claim

69. arbitrary marks

70. actual deferral percentage (ADP)

71. Apparent Labour Productivity

72. Automatic reinvestment

73. Annuity Death Benefits

74. agency automatic contributions

75. Active portfolio strategy

76. average product

77. Assigned Risk

78. Adjustable Rate

79. Auction market

80. accountant's liability

81. ad infinitum

82. Annuity factor

83. Acquired Fund Fees And Expenses (AFFE)

84. attention line

85. Accelerated cost recovery system (ACRS)

86. abnormal sale

87. adjustment period

88. Automated Guided Vehicle System (agvs))

89. AO

90. annuitization method

91. Acceptance

92. asset class

93. All-in-rate

94. Association of Southeast Asian Nations (ASEAN)

95. Auction Rate Security

96. Antonin Scalia

97. account form

98. Agent For Acceptance Of Service

99. automatic additional insured endorsement

100. affirmation

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Featured term of the day

Definition / Meaning of

Substitute Check

Categories: Finance,

Substitute checks are digital copies of the fronts and backs of paper checks that provide the same legal protections and obligations as the originals, including serving as proof of payment. Each check is formatted on a separate piece of paper a little larger than the original with the words “This is a legal copy of your check” appearing next to the image.Using digital copies, which can be transmitted electronically, allows banks to process payments faster and more efficiently than they could when paper checks had to be routed through the check clearing system. Most banks destroy original checks once they've archived the substitutes, which means that you probably no longer receive cancelled checks with your bank statement. Your bank may send you substitute checks but is more likely to provide either a line item statement or an image statement that has photocopies of the fronts and backs of cancelled checks grouped on a page. These are not substitute checks, although they can often be used as proof of payment. If you need an actual copy of a substitute check, you can request it from your bank. However, there may be a fee.

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