CHECK DIGIT Definition

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CHECK DIGIT is a redundant digit added to a code to check accuracy of other characters in the code.

Learn new Accounting Terms

AGING see ACCOUNT AGING.

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) is an agency of the federal government that insures accounts at most commercial banks and mutual savings banks. The FDIC also has primary federal supervisory authority over insured state banks that are not members of the Federal Reserve System.

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