Preauthorized Check Financial Glossary

What is it? A process by which the issuer of a check gives written permission to have the check written and charged against his or her account on a predetermined basis.

Finance Term Definition Added By: Taylor

Send To Friends!

If you'd like to send the Preauthorized Check definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Preauthorized Check. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Solicitor is The firm of lawyers that represents the company on legal matters

Financial Term Revolving Line of Credit is An agreement to lend a specific amount to a borrower, and to allow that amount to be borrowed again once it has been repaid. Most credit cards offer revolving credit.

Financial Term Critical illness cover is Pays out a guaranteed cash sum sum if youre diagnosed with one of the critical illnesses covered by the plan

Financial Term Asset is Any item of economic value owned by an individual, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, a house, a car, and other property.

Financial Term Integrated Infrastructure Initiative is Type of instrument unused in IST in FP6 that relates more to Research Infrastructures program.