A check written by a company but not yet presented to the bank for payment is called a check in transit.

Name: A check written by a company but not yet presented to the bank for payment is called a check in transit.
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A check written by a company but not yet presented to the bank for payment is referred to as an outstanding check. A check in transit typically refers to a check that has been sent out but not yet received and processed by the recipient.

A Check Written by a Company but Not Yet Presented