Depository transfer check (DTC)

Check made out directly by a local bank to a particular firm or person. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • Depository Transfer Check - DTC — A check used by a designated collection bank for depositing the daily receipts of a corporation from multiple locations. Depository transfer checks are one method of ensuring better cash management for companies that collect cash at multiple… …   Investment dictionary

  • depository transfer check — (DTC) An unsigned, nonnegotiable check used to transfer funds from a local collection bank to a concentration bank …   Black's law dictionary

  • depository transfer check — ( DTC) check made out directly by a local bank to a particular firm or person. Bloomberg Financial Dictionary …   Financial and business terms

  • DTC — depository transfer check (DTC) An unsigned, nonnegotiable check used to transfer funds from a local collection bank to a concentration bank …   Black's law dictionary

  • check — verb To control or restrain; to hold within bounds. To verify or audit, as to examine the books and records of another or a business for accuracy and proper accounting practices. Particularly used with reference to the control or supervision of… …   Black's law dictionary

  • check — verb To control or restrain; to hold within bounds. To verify or audit, as to examine the books and records of another or a business for accuracy and proper accounting practices. Particularly used with reference to the control or supervision of… …   Black's law dictionary

  • DTC — Depository Trust Company (DTC) An organization that holds physical certificates for stocks and bonds and issues receipts to owners. Securities held by DTC are immobilized so that they can be traded on a book entry basis. American Banker Glossary… …   Financial and business terms

  • Security (finance) — This article is about the negotiable instrument. For the legal right given to a creditor by a borrower, see Security interest. Securities Securities Bond …   Wikipedia

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