I still think it works better as a boy's name (Addison DeWitt in All About Eve, for instance). Addie, Addy, Addi, Ads, Abbie, Addison is an English surname meaning son of Adam. From an English surname meaning son of ADAM. Its recent popularity as a feminine name stems from its similarity in sound to Madison.
Deposits in Transit. A deposit in transit, or un-cleared deposit, is cash or check deposit that is recorded in a companys accounting system but not in the banks records.
Local Check Law & Legal Definition. A local check is a check payable by, at, or through a bank in the same check processing region.It is the location of the branch of the depository bank. The depository bank is the bank into which the check is deposited.An example is a credit union share draft payable through a commercial bank. Usually the check routing symbol on the check states whether the check is paid through a local bank.t is the location of the branch of the depository bank. The depository bank is the bank into which the check is deposited. An example is a credit union share draft payable through a commercial bank.