EZ CLEAR Law and Legal Definition
According to 31 CFR 321.1 [Title 31 -- Money and Finance: Treasury; Subtitle B -- Regulations Relating to Money and Finance; Chapter II -- Fiscal Service, Department of the Treasury; Subchapter B -- Bureau of the Public Debt; Part 321 -- Payments by Banks and Other Financial Institutions of United States Savings Bonds and United States Savings Notes (Freedom Shares); Subpart A -- General Information], EZ CLEAR refers to “the system by which financial institutions present redeemed securities to a Federal Reserve Bank through the commercial check collection system in the same manner as other cash items.”
Legal Definition list
Related Legal Terms
- Advanced Nuclear Facility [Energy]
- Air Traffic Clearance
- Alert [Nuclear Regulatory Commission]
- Analytical Run [Nuclear Regulatory Commission]
- Armed Escort [Nuclear Regulatory Commission]
- Assured Clear Distance Ahead
- Authorized Nuclear Pharmacist
- Authorized Nuclear User
- Automated Clearing House
- Automatic Clearing House
