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
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Organization formed to encourage research in insurance and to foster an exchange of ideas and research methodology among the society members. ...
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difference between the face value of a permanent life insurance policy and its accrued cash value. The pure cost of protection is based on this difference. For example, if the face value ...
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