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CLEAR

The Finpage Glossary

In Transit

? Any mode of transportation of Money for the payment of wages, salaries, and other earnings or for petty
cash directly between a bank, the Insured Premises, or a Point in Transit (if specified) by the Insured or
an Authorised Employee from the time Money is received at the bank, the Insured Premises, or a Point
in Transit by the Insured or an Authorised Employee until delivered to the bank, the Insured Premises
or a Point in Transit by the Insured or an Authorised Employee whilst at the Insured Premises until
disbursed provided that out of business hours, such Money shall be secured in a locked Safe or locked
Strong Room. Cheques drawn by the Insured to provide for such Money are covered In Transit from
the Insured Premises to the Bank only.
? Any mode of transportation of Money in the personal custody of the Insured or an Authorised
Employee directly between a bank and the Insured Premises or a Point in Transit (if specified) from the
time Money is received at the bank or the Insured Premises by the Insured or an Authorised Employee
until delivered to the bank or the Insured Premises or a Point in Transit by the Insured or an
Authorised Employee within 72 hours of the time of collection

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