uncleared effects Meaning in the Cambridge English Dictionary
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Meaning of “uncleared effects” in the English Dictionary

"uncleared effects" in Business English

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uncleared effectsnoun [plural]

uk   us   BANKING
cheques, etc. that a ​customer has put into their ​bankaccount but for which their ​bank has not yet received ​payment from the ​banks of the ​people who ​wrote them: The ​bank expressly ​reserved the ​right to ​postponepayment of ​chequesdrawn against uncleared ​effects.
(Definition of uncleared effects from the Cambridge Business English Dictionary © Cambridge University Press)
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