reconverting bank
Defined in 1 place of the United States Code.
The term “reconverting bank” means—
(A) the bank that creates a substitute check; or
(B) if a substitute check is created by a person other than a bank, the first bank that transfers or presents such substitute check.
Source
- 2003–present12 U.S.C. § 5002Banks and Banking · Definitions · for purposes of this chapter