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Definition of 'Holdovers'
Checks that are in transit that are delayed during the collection process until the next cycle. In most cases, this is the following business day. Holdover checks are then bundled into cash letters and presented to either a clearinghouse or the paying bank for deposit.
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Investopedia explains 'Holdovers'
Holdovers are typically found in large clearinghouse banks. This type of hold is different from a hold that a bank puts on out of state or third party checks. In this case, the check is usually held over simply because it was received too late in the day for same-day processing.
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Search results for 'Holdovers'
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http://www.investopedia.com/articles/economics/08/hammer-antitrust.asp
... administrators. Even after the American Revolution, many of these colonial holdovers
still functioned due to the contracts and land they held. ...
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http://stocks.investopedia.com/stock-analysis/2011/Citigroup-Still-Regrouping-C-JPM-USB-GS-PNC0829.aspx
... These assets are holdovers from the credit crisis referred to as Citi Holdings and
are down from more than $700 billion just a couple of years ago. ...
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http://stocks.investopedia.com/stock-analysis/2011/Gaming-Industry-In-Desperate-Battle-ATVI-ERTS-TTWO-KNM-MSFT-SNE-NTDOY0318.aspx
... Capcom 3: Fate of Two Worlds" was the lone February release that shot up the charts.
Holdovers have accounted for a large percentage of game sales in 2011. ...
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