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Not-Sufficient-Funds Check

   Also found in: Dictionary/thesaurus, Legal 0.01 sec.
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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The idea of overdraft protection isn't new - banks have long been willing to cover not-sufficient-funds checks for their best customers, or make an automatic transfer from a savings account to avoid a checking overdraft.
 
 
 
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