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Direct send

• A collection procedure in which the payee presents payment checks directly to the banks on which they are drawn, thus reducing clearing float.

 
 Embedded terms in definition
 Clearing float
Clearing
Float
 
 Related Terms
 Direct estimate method
Direct lease
Direct paper
Direct placement
Direct purchase stock
Direct quote
Direct search market
Direct stock purchase programs
Foreign direct investment

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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