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).
ECheck Definition. An electronic check -- eCheck -- is an electronic form of a paper check. Just like a paper check, an electronic check draws money directly from a checking account. EChecks usually have tracking numbers that are similar to the tracking numbers on paper checks.