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AUTOMATED/AUTOMATIC TELLER MACHINE Definition

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AUTOMATED/AUTOMATIC TELLER MACHINE (ATM) is an unattended machine (outside some banks) that dispenses money or allows an individual to conduct unassisted business transactions with the ATM when a personal coded card is used.

 

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LEGALLY MANDATED is that which is required by law, e.g. the ratio of majority inhabitant vs. minority new-hire quotas in a legislated work environment.

UN-CREDITED CHECK is a check that has been presented to the bank but still are under process by the bank. The customer account has been debited already.


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