Xerox 6100BD - Phaser Color Laser Printer Fundamentals page 153

check truncation
chipping
CLCB
MICR clear band
clearinghouse
CMC7
code line, MICR
convenience
amount
convenience
amount
clear area
comparator
correspondent
bank
cover stock
CPA
crayoning
Generic MICR Fundamentals Guide
The conversion of the information on a check into some form of
electronic recording after it enters into the processing system.
The process is called truncation because the physical
processing of the check is cut short.
The removal of Xerox MICR LPS toner in reader/sorters, which is
due to wear and tear stresses placed on the image by these
processing devices.
Committee of London Clearing Banks. Formally an organization
similar to ABA, but with standards setting authority for banking
systems in the U.K. (Replaced by APACS.)
A horizontal band on a document that extends upwards 5/8-inch
(0.625-inch/15.87-mm) from the bottom edge of the document
containing the MICR line. Sometimes referred to as the MICR
band, although the definitions are different (see MICR band).
A voluntary association or corporation that acts as a medium
through which banks in some areas exchange items drawn on
each other and make settlements.
A font used in magnetic ink printing
The .25-inch (6.35-mm) high region centered in the clear band
that contains the MICR characters. Also known as the MICR
"band".
The value of the check expressed in numbers.
An area above and below the convenience amount
Scan band held clear of printing that would interfere with the
convenience amount.
An special optical tool to measure MICR character dimension
and positional attributes.
A bank that maintains an account relationship or exchanges
services with another bank.
A heavyweight paper available in white or colors, designed for
use as covers on booklets, etc.
Canadian Payments Association. An organization,
headquartered in Ottawa, having standards setting authority for
banking systems in Canada equivalent to APACS in the U.K.
A smudging of the MICR line on documents, commonly
associated with the IBM 3890 reader/sorter.
Glossary
Glossary-3