effects not cleared
- effects not cleared efˌfects not ˈcleared also ˌuncleared efˈfects noun [plural] BANKINGcheques etc that have been given to a bank to be paid into an account but have not yet gone through the bank's system and been paid into the account
* * *effects not cleared UK US noun [plural] (also uncleared effects)► BANKING cheques, etc. that have been put into an account by a customer but not yet cleared (= successfully paid) by the bank: »
Different banks have different 'effects not cleared' periods for cheques paid into personal accounts.
Financial and business terms. 2012.
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