Not-sufficient-funds check

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Not-sufficient-funds check

A bank check having insufficient funds to back it.

Not-Sufficient-Funds Check

A check that a bank refuses to honor because there is not enough money in the payer's checking account to cover the amount of the check. For example, if Bob writes Joe a check for $200, but there is only $175 in Bob's account, then Bob has written a not-sufficient-funds check and the bank will refuse to transfer the funds to Joe's account. It is also called an NSF check, a bad check or a returned check.
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According to court documents, 40-year-old Natasha Kincaid was charged for four bad checks, drawn on a First National Bank of Steeleville account, she wrote to Chester businesses Ace Hardware and The Studio Boutique.
According to the data, the number of bad checks written between January and November reached some 701,000, 19 percent higher than the same period a year ago, while the total face value increased by 42 percent in the same period, hitting $24.
In addition, ill intent is difficult to prove, significantly more so than with bad checks.
The Houses are accused of opening a Wells Fargo bank account and writing bad checks on it, the sheriff's office said.
LOCAL AND STATE PROSECUTORS' OFFICES often offer bad check diversion programs to people accused of writing bad checks as a way for the individual to avoid criminal prosecution.
Heslin, who testified before Congress and the state Legislature for tougher gun laws, has been arrested for issuing bad checks and driving under the influence.
It turned out that they have eight outstanding search and arrest warrants for forgery, theft, impersonating, passing bad checks and opening fire," the statement added.
Summary: RIYADH: There has been a considerable drop in the number of bad checks issued in the Kingdom in 2011, according to a recent study.
9, 2011 (CENS) -- The economic recovery has reinforced debt-repaying capability, making the ratio of bad checks hit a record low of 0.
How to Collect on Bad Checks and Avoid Receiving Them in the First Place
19 -- Five bad checks amounting to a total of half a million riyals have been referred to the Bureau of Investigation and Prosecution (BIP), informed sources said.
Saudi Arabia's commerce and industry ministry has begun implementing a new law under which issuers of bad checks will face up to SR 50,000 ($13,330) in fines and a three-year prison term, reported in the press.