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Corporate and Institutional Glossary

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R
Rate
Receiving Depository Financial Institution (RDFI)
Reciprocal
Record Date
Recourse
Redeposited ACH
Registered Owner
Registrar
Rejection Of Transfer
Release Of Cargo
Relinquished Property
Reorganization Department
Replacement Property
Residual Value
Restricted Transfer
Return Statement
Revaluation
Current TermReversal
Reverse Exchange
Rollover
Reversal
If an ACH item is released in error, a reversal may be requested to "correct" or reverse previously originated entries or files. Presently, NACHA requires any reversal request to be processed within five days of the effective date of an item. Companies may contact CCSC at (800) 222-3862 or may use WebACHieve to initiate a reversal.

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