Positive Pay File means an electronic file prepared daily by the Customer that identifies checks authorized by the Customer for payment. A Positive Pay File includes a list of check numbers by date with corresponding exact dollar amounts issued by the Customer since the date of the Customer's last Positive Pay File submission to the Bank.
Positive Pay File means a cumulative list of all checks, uploaded by you through use of the System to us, which have been issued by you but have not been presented and are otherwise approved for payment under this Agreement.
Examples of Positive Pay File in a sentence
All presented checks matching the check number and dollar amount identified by you in your Positive Pay File will be paid and charged against the appropriate Account.
More Definitions of Positive Pay File
Positive Pay File means the file of checks submitted by Company through Positive Pay for processing.