Meaning of “MICR” in the English Dictionary

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"MICR" in Business English

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MICRnoun [ U ]

uk us IT

abbreviation for magnetic ink character recognition: a system that uses a special ink to allow electronic equipment to read numbers and text on official documents:

The MICR line on a cheque allows the relevant information to be automatically read by machine.

(Definition of “MICR” from the Cambridge Business English Dictionary © Cambridge University Press)