grandstand-the audience at a stadium or racetrack. audience-a gathering of spectators or listeners at a (usually public) performance; the audience applauded; someone in the audience began to cough.
Electronic Check Presentment - ECP. A process that allows financial institutions to exchange digital images of checks instead of paper to increase the speed of of the check cashing process. The signing of the Check Clearing for the 21st Century Act by President Bush permitted the use of electronic check presentment (ECP).
Check. A written order instructing a bank to pay upon its presentation to the person designated in it, or to the person possessing it, a certain sum of money from the account of the person who draws it. A check must contain the phrase pay to the order of..A check differs from a draft in that a check is always drawn on a bank, while a draft is an order for payment drawn on anyone, including a bank, a person, or a trading account with a company. cashier's check is one that the bank draws on itself and is signed by an authorized bank official. The bank lends its credit to the purchaser of the check in order to facilitate its immediate use in commercial transactions.