NSF check

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.

NSF check

A check not honored by the bank on which it was written because of insufficient funds in the drawer's account. An NSF check is an overdraft.
References in periodicals archive ?
Among her accomplishments, she developed a surety bond program to help a commercial customer overcome its inability to pay cash deposits and created a non-sufficient funds check process for multiple offenders leading to a 48% reduction of NSF check customers over a three-year period.
Unfortunately, as a part of doing business, occasionally you may receive an NSF check from one of your customers.
For this privilege, the account holder pays the bank the same fee to pay his/her NSF check that would be paid if the check were returned.
net), has been a leading provider of secure electronic check processing, refund and rebate check fulfillment services, NSF check re-presentment, credit card processing, and ACH transfers for national, regional and local businesses through the use of the internet, telephone and wireless.
This verification will significantly reduce the number of non-sufficient fund (NSF) checks and reduces efforts to obtain those funds from the check writer to cover the purchases made with a NSF check.
In a statement to TAP, on 5 August, spokesman for the Court of First Instance, Sofiene Selliti, explained that Slim Riahi was sentenced in absentia to prison sentences for issuing NSF check with immediate execution.
When I started with this company, I was challenged to collect a $90,000 receivable based on an NSF check tendered by a magician, "The Great Prestidigitator" (not his real name).
net), has been a leading provider of secure electronic check processing, refund and rebate check fulfillment services, NSF check re-presentment and ACH transfers for national, regional and local businesses through the use of the internet, telephone and wireless.
Sure, you can pursue criminal charges on the NSF check, but isn't that really just a collection strategy?
The customer files personal bankruptcy and schedules your claim, which is based on the NSF check, as unsecured and to be discharged through the bankruptcy.
Then, 19 days later, JWJ replaced the NSF check with a cashier's check in the same amount.
Indeed, a vendor may be promptly notified by the bank of an NSF check.