Image Replacement Document definition

Image Replacement Document or “IRD” means a substitute check, as defined in Check 21.

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Image Replacement Document means (a) a Substitute Check as defined in Check 21; or (b) the paper reproduction that will be created when an Item cannot be converted to an Electronic Transaction.

Image Replacement Document or “Substitute Check” means a paper production of a Check that satisfies the requirements and definition of a “Substitute Check” provided in Regulation CC.

Examples of Image Replacement Document in a sentence

• You authorize us to process any Image that you send us or convert an Image to an Image Replacement Document.

• When the image of the check transmitted to us is converted to an Image Replacement Document for subsequent presentment and collection, it shall thereafter be deemed an "item" within the meaning of Articles 3 and 4 of the Uniform Commercial Code.

• When the image of the check transmitted to Credit Union is converted to an Image Replacement Document for subsequent presentment and collection, it shall thereafter be deemed an "item" within the meaning of Articles 3 and 4 of the Uniform Commercial Code.

• When the image of the check transmitted to the Credit Union is converted to an Image Replacement Document for subsequent presentment and collection, it shall thereafter be deemed an "item" within the meaning of Articles 3 and 4 of the Uniform Commercial Code.

• You authorize us to process any Image that you send us or convert an Image to an Image Replacement Document (IRD).

More Definitions of Image Replacement Document

Image Replacement Document or "IRD" means a legal copy of a deposited food instrument that is created and transmitted by a store's depository bank to the WIC Program's backend processor for payment consideration.

Image Replacement Document or “IRD” means a substitute Check, as defined in the Check 21 Act. “Instructions” means oral Instructions or Written Instructions.

Image Replacement Document or "IRD" means a substitute check, as defined in Check 21. • An "Item" is an original: check, cashier’s check, official check, U.S. Treasury check, or any other payment instrument, drawn on a financial institution within the United States and payable in U.S. currency that is payable to you. Items are deemed to be "items" under the Uniform Commercial Code and "checks" under The Expedited Funds Availability Act and Regulation CC.

Image Replacement Document means (a) Substitute Check as defined in Check 21; or

Image Replacement Document or “IRD” means a substitute Check, as defined in the Check 21 Act.

Image Replacement Document. OR "IRD" shall mean a paper reproduction of the original check that: contains an image of the front and back of the original Item; bears a MICR line containing all the information appearing on the MICR line of the original Item (except as provided under generally applicable industry standards for substitute checks to facilitate the processing of substitute checks), conforms, in paper stock, dimension, and otherwise, with generally applicable industry standards for substitute checks; and is suitable for automated processing in the same manner as the original check.

Image Replacement Document. OR "IRD" shall mean a paper reproduction of the original check that: contains an image of the front and back of the original Item; bears a MICR line containing all the information appearing on the MICR line of the original Item (except as provided under generally applicable industry standards for substitute checks to facilitate the processing of substitute checks), conforms, in paper stock, dimension, and otherwise, with generally applicable industry standards for substitute checks; and is suitable for automated processing in the same manner as the original check.