Definitions for bad check
bad check

Princeton's WordNetRate this definition:0.0 / 0 votes

1. bad check, bad chequenoun

   a check that is dishonored on presentation because of insufficient funds

   "issuing a bad check is a form of larceny"

WiktionaryRate this definition:0.0 / 0 votes

1. bad checknoun

   A check/cheque written against a bank account with insufficient funds to pay the bearer the amount of the check.

WikipediaRate this definition:0.0 / 0 votes

1. bad check

   Dishonoured cheques (also spelled check) are cheques that a bank on which is drawn declines to pay (“honour”). There are a number of reasons why a bank would refuse to honour a cheque, with non-sufficient funds (NSF) being the most common one, indicating that there are insufficient cleared funds in the account on which the cheque was drawn. An NSF check may be referred to as a bad check, dishonored check, bounced check, cold check, rubber check, returned item, or hot check. Lost or bounced checks result in late payments and affect the relationship with customers. In England and Wales and Australia, such cheques are typically returned endorsed "Refer to drawer", an instruction to contact the person issuing the cheque for an explanation as to why it was not paid. If there are funds in an account, but insufficient cleared funds, the cheque is normally endorsed “Present again”, by which time the funds should have cleared. When more than one cheque is presented for payment on the same day, and the payment of both would result in the account becoming overdrawn (or below some approved credit limit), the bank has a discretion as to which cheque to pay and which to dishonour. A bank has a general discretion whether or not to honour a cheque that will result in an account becoming overdrawn, but a payment on one occasion does not bind the bank to do so again on another occasion. A bank cannot partially pay on a cheque, so that it must either pay a cheque in full or dishonour it. If a bank declines to pay a cheque, it must promptly return the cheque to the person who deposited it or presented it to be cashed. In general, a bank can only pay out of the account on which it was drawn, and cannot draw on any other account that the customer may have at the bank, unless expressly instructed to the contrary.

ChatGPTRate this definition:0.0 / 0 votes

1. bad check

   A bad check, also known as a bounced check or dishonored check, refers to a written check that a bank refuses to accept because the account holder does not have sufficient funds to cover the amount indicated. It may also be due to a closed bank account or a bank's suspicion of fraud associated with the check. Writing a bad check can result in fees or legal penalties.

Matched Categories

1. • Check

How to pronounce bad check?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say bad check in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of bad check in Chaldean Numerology is: 7

2. Pythagorean Numerology

   The numerical value of bad check in Pythagorean Numerology is: 1

Examples of bad check in a Sentence

1. Rhonda Perkins:

   Under the law, banks are required to make the money available quickly, so when you deposit a check and it looks like it's cleared that doesn't mean it's a good check, the bank will find out later it's a bad check.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=bad check
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Bad_Check
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Bad_Check
4. ^ ChatGPT
   https://chat.openai.com