Definition of on-us checks

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TeachMeFinance.com - explain on-us checks



on-us checks -- a depositor's check that is presented for payment at the same financial institution that carries the account on which the check is written. A financial institution would use the term to refer to checks drawn on accounts it holds and presented for payment at its counter.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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