MICR Line: The row of characters printed in machine readable magnetic ink at the bottom of each cheque. Part of this MICR line identifies the issuing bank and the cheque number and is usually preprinted on the cheque. The face value of the cheque is typed into the far right of the MICR line before that cheque is routed back to the issuing bank. This allows the cheque to be recognized cheaply and easily in order to forward it back to the bank on which it was drawn.
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