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TeachMeFinance.com - explain Reclamation historic definition...
Reclamation -- A demand for the substitution of a security
that is a delivery when a security that is not a delivery has
been delivered. For information see Rules for delivery.
When a bank for some reason rejects a check or draft received
through the clearing house it makes reclamation for
the amount on the bank which sent it to the clearing house.
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