truncation is the arrangement under which a financial institution does not return canceled checks or drafts to the account holder. Instead, the checks or drafts are microfilmed and the microfilm becomes the record if the customer requests a copy of the check or draft.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). truncation. Retrieved September 20, 2026, from http://smartdefine.org/truncation/definitions/1165646 |
| Chicago | Barry Goldsmith. 2010. "truncation" http://smartdefine.org/truncation/definitions/1165646 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, truncation, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/truncation/definitions/1165646>. |
| MLA | Barry Goldsmith. "truncation" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/truncation/definitions/1165646> |