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magnetic ink

British

noun

ink containing particles of a magnetic material used for printing characters for magnetic character recognition

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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magnetic ink

Coming out next year is a new unit that will print the dollar amount of each check in magnetic ink.

From Time Magazine Archive

Each bank will simply have its entries typed up in special magnetic ink.

From Time Magazine Archive

The U.S. method, which uses machines that are built by General Electric, National Cash Register and Burroughs Corp. as well as by IBM, electronically "reads" the numbers formed by magnetic ink on the check.

From Time Magazine Archive

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023