Expedited Funds Availability Act
Definition of "Expedited funds availability act"
Legislation passed in 1988 by the U.S. Congress to facilitate movement of checks through the collection system. As the result of this Act, the Federal Reserve has established rules for the endorsement of checks stipulating that the endorsement must be within an area of VA inches from the left edge of the back of the check and no additional marks or notations can be made on the back of the check beyond this VA inch boundary.
Popular Insurance Terms
Deleveraging of the insurance company's balance sheet. ...
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Model state statute that governs terms for surrender of individual deferred annuities and cash value life insurance. This model, adopted by most states in the late 1970s and early 1980s, ...
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Coverage for paintings, pictures, etchings, tapestries, art glass windows, antique furniture, coin collections, and stamp collections owned by individuals and businesses. These works are ...
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