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26 December, 11:35

What is a hold?

You keep the check in a drawer and hold it until the person who gave it

to you can give you cash.

You deposit a check today, and the bank tells you that you can write a

check on it immediately.

You deposit a check today, but are told all but $100 of the money won't

"credit" to your account for five days.

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Answers (2)
  1. 26 December, 11:40
    0
    A hold is a temporary delay in making funds available in your account.
  2. 26 December, 11:59
    0
    The hold is that the $100 won't go in.
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