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T
Thrift Institution - thrifts include mutual savings banks, savings and loan associations and credit unions
Traveler's Checks - special checks sold with an insurance feature that protects the buyer against loss if the checks are lost, stolen, or destroyed
Treasury Bills - short term U.S. Treasury securities issued in minimum denominations of bank as a corporation may administer property for its customers when authorized to do so. Trusts are usually created under wills, by court orders, or by agreement.$10,000 and usually having maturities of three, six or twelve months
Truncation - checks are stored by SCU and not returned to the member
Trust - A trust exists when one person holds property for the benefit of another.