Bounced Check

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Bounced Check

A check from which funds are not transferred because there are insufficient funds in the payer's account. For example, suppose Joe writes a check to Bob for $500, but there is only $400 in Joe's checking account. When Bob deposits the check, his bank will refuse to credit the $500 to his account, because Joe's bank will advise that Joe does not have enough money to honor the check. In this case, the check is called a bounced check. In the United Kingdom, the common term is an unpaid cheque.
References in periodicals archive ?
The plaintiffs in the case include Nikki Petree, a 40-year-old Arkansas woman who has been in jail for more than 25 days because she was unable to pay more than $2,600 in court costs, fines and fees related to a bounced check she wrote in 2011 for $28.
The CFPB also claimed National Corrective Group sent notices on prosecutors' letterheads before any district attorney review took place, and falsely claimed consumers could be prosecuted for writing bounced checks.
This year, the largest improvements in QuickBooks Pro/Premier/Accountant are the Income Tracker, updated Record Bounced Check and updated Bank Feeds.
During the years 2009-2012, the value and number of bounced checks witnessed a drastic drop at rates of %60 and %63 respectively.
The problem with bounced checks is exacerbated by the way they are used in Iran.
He added that a huge public debt and trade budget deficit, social conflict, murder and suicide cases, drugs, violence in universities and a rising number of bounced checks would figure high on the party's deliberations.
In the past year, the firm has repeatedly bounced checks to landlords, renters and agents, while falling behind on payments to vendors.
There might be a whole chain reaction of bounced checks because of this.
They came forward and began filing complaints against him in February after he was arrested for bounced checks in the UAE.
Bushi was arrested in Dubai earlier this year for issuing four bounced checks.
Senior Public Prosecution sources told Gulf News that the suspect is also being questioned in connection to two other cases of bounced checks.
The LL6 million checks turned out to be bounced checks.