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Stop Payment

   Also found in: Dictionary/thesaurus, Legal 0.01 sec.
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.

Stop Payment
An order to a bank or other financial institution not to make payment on a check drawn on that account. For example, suppose Bob writes a check to Joe. Bob may go to his bank and stop payment, which means that Joe will not be able to collect the funds written to him. Generally speaking, one stops payment on a check when its has been lost or stolen.


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