Stop payment

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Related to Stop payment: Stop Payment Order

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 it has been lost or stolen.

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References in periodicals archive ?

He directed the municipal committee chairman Ghulam Mustafa Brohi to immediately stop releasing the city's sewage into the canal and ordered him to remove all drains and stop payment to the contractor of the drainage scheme.

Judicial commission annoyed over delay in completion of water supply, drainage schemes

"If you have funds in trust that are subject to a garnishment and you have written a check and you are aware the check has not cleared, you must take steps to stop payment on it [when the writ is received]," Silverstein said.

Lawyers are responsible for trust funds up until the check clears

I arranged for a stop payment on the employee's paycheck, but I haven't yet issued a new check to him with a deduction for the $50 loan repayment.

Employee needs final paycheck

So when we received 790 [Swift] messages, our officers proceeded to read the e-mails sequentially, unless we had a stop payment which would be the first that we would read or high priority messages, none of which applied to the Bangladesh Bank, Estavillo said.

Dhaka bank sent 3 urgent messages

It also ordered DIG police to stop payment of salary to investigation officer and produce him in next hearing.

Court orders for stoppage of payment of salary to investigation officer of Baldia town case

They have the power to stop payment of all or part of Harrison's purse if they decide the 2000 Olympic gold medallist, who was booed by the crowd, did not try.

LOSER COULD PAY

The department issued stop payment orders because of which the refund outgo in two cases could be prevented.

All high- value refunds to be under I- T lens

The Florida Supreme Court has ruled that lawyers have an obligation to issue stop payment orders on checks issued from their trust accounts if they are served with writs of garnishment seeking that money.

Lawyers are responsible for trust funds until the check clears

So when we received 790 [Swift] messages, our officers proceeded to read the emails sequentially, unless we had a stop payment, which would be the first that we would read or high priority messages, none of which applied to the Bangladesh Bank, Estavillo said.

RCBC heaps blame on Bangladesh, bank manager for laundering fiasco

KARACHI, October 27, 2010 (Frontier Star) : The industrial sector has sounded alarm bell of massive closure of industries in Karachi if the KESC and SSGC would go ahead of their plan to carry out load-shedding in industrial areas and industries compel to stop payment of bills to both the utilities agencies.

Load-shedding to industrial areas, industrialists to stop payment of bills

The new implementation would help the bank provide services such as account inquiry, funds transfers, bill payment, chequebook request and stop payment orders.