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Bounce |
Also found in: Dictionary/thesaurus, Legal, Idioms, Encyclopedia, Wikipedia, Hutchinson | 0.06 sec. |
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Bounce A check returned by a bank because it is not payable, usually because of insufficient funds. Also used in the context of securities to refer to the rejection and ensuing reclamation of a security; a stock price's abrupt decline and recovery.
Bounce 1. To not pay a check 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 such a situation, the check is said to bounce. 2. An increase in a security's price following a period of flat or downward performance. A bounce can occur when the company or an analyst announces favorable news. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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