magnetic-ink character recognition
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magnetic-ink character recognition[mag′ned·ik ¦iŋk ′kar·ik·tər ‚rek·ig‚nish·ən]
That branch of character recognition which involves the sensing of magnetic-ink characters for the purpose of determining the character's most probable identity. Abbreviated MICR.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.