Definitions for "MICR"
abbreviation for "Magnetic Ink Character Recognition." It is an automatic data entry system using characters printed according to strict specifications and read by a device that responds to the magnetic flux imparted by each character. MICR is used extensively on cheques and other documents in the banking industry.
magnetic ink character recognition. An input process used by banks to read the digits and symbols printed in magnetic ink at the bottom of checks.
Magnetic Ink Character Recognition - The line on a check that is printed with magnetic ink usually desginating the following (ABA - Acount Number - Auxillary-On-Us or Serial - Tran Code - Amount)
Michigan Incident Crime Reporting is the Uniform Crime Reporting program in Michigan. It provides data to NIBRS. MICR and NIBRS differ primarily because of State law.