Truncating bank (Check 21)
nounid
4491·updated May 9, 2026candidate
The financial institution that truncates the original check. If a person other than a financial institution truncates the original check, the truncating bank is the first financial institution that transfers, presents, or returns, in lieu of such original check, a substitute check or, by agreement with the recipient, information relating to the original check (including data taken from the MICR line of the original check or an electronic image of the original check), whether with or without the subsequent delivery of the original check.
MWE
Classifications
Entity Type
Organization85%llm-generatedllm:claude-haiku-4-5
Sensitivity
Regulated90%llm-generatedllm:claude-haiku-4-5
Information Class
Pci70%llm-generatedllm:claude-haiku-4-5
Variants
- plural
- Truncating bank (Check 21)s
- possessive
- Truncating bank (Check 21)'s
- pluralpossessive
- Truncating bank (Check 21)s'
Framework definitions
Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →
- §1
- The financial institution that truncates the original check. If a person other than a financial institution truncates the original check, the truncating bank is the first financial institution that transfers, presents, or returns, in lieu of such original check, a substitute check or, by agreement with the recipient, information relating to the original check (including data taken from the MICR line of the original check or an electronic image of the original check), whether with or without the subsequent delivery of the original check.
Outgoing relationships
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This term is not the subject of any RDF-style relationship yet.
Incoming relationships
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No other term currently asserts a relationship to this one.