Deposit in transit

A deposit that has been made but has not yet been posted by the bank and therefore is not yet reflected in the Account balance.

Related Terms: 3 Account, Account balance, Balance

Other Related Pages: Category: Banking Starting With: D

Additional Related Terms: 10-K, Account, Account statement, Adjusted balance method, Allowance for depreciation, Account aggregation, Account balance, Active account, Agent bank, Alternate account