Check Truncation

Business / Taxes / Check Truncation: To process payments faster and more efficiently, many banks no longer transport paper checks, but replace them with digital images — called substitute checks — that can be transferred electronically, in a system called check truncation. When you receive your account statements, the bank may send you substitute checks in place of cancelled checks, each formatted on a separate piece of paper, with the words "This is a legal copy of your check" appearing next to the image. Most banks destroy original checks once they’ve archived the substitutes. However, many banks send out either a line item statement or an image statement with photocopies of multiple cancelled checks on each page. If you need to verify a payment, you can request a substitute check from your bank. There may be a fee for this service.

Other Words for Check

Check Verb Synonyms: stop, arrest, stay, halt, obstruct, block, limit, retard, slow, brake, curb, hinder, hamper, impede, thwart
Check Noun Synonyms: stop, stopping, cease, surcease, hesitation, cessation, stoppage, interruption, break, pause, balk or baulk, discontinuity, discontinuation, discontinuance, suspension
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Hip Check

Entertainment / Ice Hockey / Hip Check: A check on which the defensive player bumps the opponent with the hip. As a verb, to execute such a check. MORE

Hand Check

Entertainment / Basketball / Hand Check: A personal foul where a defender intermittently or continuously uses one or both hands on an opposing player, usually the ball handler. MORE

Hip Checking

Entertainment / Ice Hockey / Hip Checking: Using your hips to block or hit an opponent and knock them off stride. MORE

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