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Jersey Posted 20 years ago
Vocabulary

be credited?

Accounts paid by bills of exchange or cheques are always credited under reservation until payment is received.

What dose this sentence mean?

Thank you

Jersey
  

Top answer

I think it's saying that if you use a check (American) instead of cash, you'll get credit for making your payment, but it won't be considered "really, truly" made until the check "clears" (meaning the bank approved the check) and the funds from that check are in the bank account of the person who received the payment.

— BarbaraPA

  • I think it's saying that if you use a check (American) instead of cash, you'll get credit for making your payment, but it won't be considered "really, truly" made until the check "clears" (meaning the bank approved the check) and the funds from that check are in the bank account of the person who received the payment.
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1 Answers
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I think it's saying that if you use a check (American) instead of cash, you'll get credit for making your payment, but it won't be considered "really, truly" made until the check "clears" (meaning the bank approved the check) and the funds from that check are in the bank account of the person who received the payment.
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