Amount Block
It refers to the portion of the balances of a customer account that is designated to be set apart for specific purposes, and cannot be withdrawn. The ‘blocking’ can be set up either on request from either the customer or the bank.
Check Book
It is one of the means that the bank provides to the customer for withdrawal of balances from the account. It consists of a specified number of leaves, against each of which a specified amount can be drawn from the account balance.
Effective Date
It is the date on and following which an amount block on a customer account becomes effective.
End Check Number
It is the number of the last check in a range of checks against which a customer directs the bank to stop payment.
Modification Number
It is the serial number of a check status modification. It is incremented serially each time the status of a check is modified.
Start Check Number
It is the number of the first check in a range of checks against which a customer directs the bank to stop payment.
Stop Payment Instruction
A directive from a customer to the bank instructing that payment against a check must be stopped. The directive could specify an amount in respect of a check, a single check or a range of checks.