Meaning of “uncleared effects” in the English Dictionary

business-english dictionary

"uncleared effects" in Business English

See all translations

uncleared effectsnoun [ plural ]

uk us BANKING

cheques, etc. that a customer has put into their bank account 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 postpone payment of cheques drawn against uncleared effects.

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