DEPOSIT IN TRANSIT
A deposit in transit is money that has been received by a company and sent to the bank, but which has not yet been processed and posted to the account by the bank. In financial accounting, these deposits are reflected in the company's cash balance on the day the deposit is received, even though it may take the bank several days to process the deposit and post it to the balance.
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Robert C. Merton
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Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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