A
check from which
funds are not transferred 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 this case, the check is called a bounced check. In the United Kingdom, the common term is an unpaid cheque.