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LSDefine

Simple English definitions for legal terms

uncollected funds

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A quick definition of uncollected funds:

Term: Uncollected Funds

Definition: Uncollected funds refer to money that has been credited to a bank account, such as a checking account, but has not yet been received from the person or organization who wrote the check or made the payment. This means that the money is not yet available for use or withdrawal. It's like having a gift card with money on it, but you can't use it until you actually have the card in your hand.

A more thorough explanation:

Definition: Uncollected funds refer to a credit given by a bank on a checking or deposit account based on a check or other payment that has not yet been received from the payor.

Example: Let's say you deposit a check for $500 into your checking account. The bank may credit your account with the $500 before the check clears. This means that the $500 is considered uncollected funds until the bank receives the payment from the payor.

Explanation: In this example, the bank has given you a credit of $500 based on the assumption that the check will clear. However, until the bank receives the payment from the payor, the $500 is considered uncollected funds. This means that the bank has not yet received the actual money and the credit is not yet considered a part of your available balance.

unclean-hands doctrine | unconditional

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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