David Greenberg Oct 21, 2014:

I would think that that definition is implying that what we call depositing a check actually has two components: deduction of the amount from one person's account, and crediting the amount to that of another.

iyavor (asker) Oct 19, 2014:

Hi- do you have a source for this? This is the one definition I found (written by an accountant)

גריעת שיק זה הוצאת שיק מהקופה אך ללא הפקדה לבנק או מהשיקים הדחויים
הפקודה הינה ביטול הרישום הקודם שנרשם.

I've also seen "check truncation"...