Availability

AAA

DEFINITION of 'Availability'

Funds that have been deposited by third-party check into a customer's bank account. These funds are typically not usable by the customer until the check clears, or they become "good funds."

INVESTOPEDIA EXPLAINS 'Availability'

Third-party checks are available according to a schedule that relies on the location of the bank on which the check is drawn. The maximum number of days that a check can be held is set by the Expedited Funds Availability Act, assuming the check is good.

RELATED TERMS
  1. Availability Schedule

    The number of days it takes for a third-party check deposited ...
  2. Rubber Check

    Another name for a "bounced check." A rubber check is a slang ...
  3. Bounced Check

    A slang word for a check that cannot be processed because the ...
  4. Float Time

    The amount of time between when an individual writes and submits ...
  5. Available Balance

    Balances in checking or on-demand accounts where there is a delay ...
  6. Bad Check

    A check drawn on a nonexistent account or on an account with ...
Related Articles
  1. Inside National Payment Systems
    Economics

    Inside National Payment Systems

  2. Your First Checking Account
    Insurance

    Your First Checking Account

  3. When Good People Write Bad Checks
    Budgeting

    When Good People Write Bad Checks

  4. How does online banking assist with ...
    Budgeting

    How does online banking assist with ...

Hot Definitions
  1. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  2. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  3. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  4. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  6. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
Trading Center