Reconverting bank (Check 21)
nounid
3773·updated May 9, 2026candidate
The financial institution that creates a substitute check. With respect to a substitute check that was created by a person that is not a financial institution, the reconverting bank is the first financial institution that transfers, presents, or returns that substitute check or, in lieu thereof, the first paper or electronic representation of that substitute check. The reconverting bank warrants that (1) the substitute check is the legal equivalent of the original check; and (2) the original check cannot be presented again in any form so the customer pays the check only once.
MWE
Classifications
Entity Type
Organization85%llm-generatedllm:claude-haiku-4-5
Sensitivity
Regulated90%llm-generatedllm:claude-haiku-4-5
Information Class
unclassified
Variants
- plural
- Reconverting bank (Check 21)s
- possessive
- Reconverting bank (Check 21)'s
- pluralpossessive
- Reconverting bank (Check 21)s'
Framework definitions
Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →
- §1
- The financial institution that creates a substitute check. With respect to a substitute check that was created by a person that is not a financial institution, the reconverting bank is the first financial institution that transfers, presents, or returns that substitute check or, in lieu thereof, the first paper or electronic representation of that substitute check. The reconverting bank warrants that (1) the substitute check is the legal equivalent of the original check; and (2) the original check cannot be presented again in any form so the customer pays the check only once.
Outgoing relationships
No outgoing triples
This term is not the subject of any RDF-style relationship yet.
Incoming relationships
No incoming triples
No other term currently asserts a relationship to this one.