Separately Sorted Cash Letter 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], separately sorted cash letter refers to “a bundle of redeemed securities that have been segregated from all other items prior to transmittal to a Federal Reserve Bank via EZ CLEAR.”
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
- Separated Licensed Health Care Professional
- Separate/Several Action
- Separate-Sovereigns Rule
- Separate Taxation
- Separate Smaller Contract
- Separately Sorted Cash Letter
- Separation Agreement
- Separation from Service [Administrative Personnel]
- Separation of Church and State
- Separation of Interest
- Separation of Powers
