# Truncation

- Canonical URL: https://www.gerhardmerk.de/truncation-2
- Post ID: 7894
- Modified: 2023-07-25T21:11:55+00:00
- Language: en

## Definition

In financial parlance, the practice of holding a check at the institution at which it was deposited - or at an intermediary institution - and electronically forwarding the essential information on the check to the institution on which it was written. - In a broader sense this procedure is used in cases of paper-based transfer orders or other financial instruments which get replaced, in whole or in part, by an electronic record of the content for the purposes of further processing and transmission. - See check image, check collection procedure, image-based. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1