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Stop Payment

   Also found in: Dictionary/thesaurus 0.07 sec.
Stop Payment
When a bank account holder instructs his or her financial institution not to honor payment.

Notes:
Stop payments are issued after a check has been delivered, but before the receiving party has cashed it.


Stop payment
An order given a depository institution not to pay out cash for a check; often used when the check has been stolen or lost.

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