Any check dishonored, for wrong endorsement, lack of endorsement, insufficient funds, account closed, and so on. Also called a Return Item. State laws vary on penalties that banks can charge for bad checks. See also Check Kiting.
Bad Check
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| Check Guarantee (in banking) |
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 | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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