Rubber check


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Related to Rubber check: Insufficient funds

Rubber check

A check that bounces for lack of funds.

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.
References in periodicals archive ?
Last year, embarrassed by rubber checks and a House Post Office that gave away stamps but charged for cocaine, incumbents made a solemn vow: Hey, we'll cut the staff.
As a result, the rate of rubber checks bounced to a record low of 0.
You might recall that Shaddock earlier was evicted from west Little Rock office space for aying the rent with three rubber checks.