rubber check

n. Slang
A check returned by a bank because of insufficient funds in the account on which it is drawn.

A check that cannot be processed because the writer has insufficient funds. Also known as a "rubber check".

Investopedia Says:
Most bounced checks are subject to a penalty fee.

Related Links:
Don't know where your paycheck goes? Find out how a spending plan can help you save your money. The Beauty Of Budgeting
The plastic in your wallet doesn't have to hurt your finances. Learn how to manage it responsibly. Take Control Of Your Credit Cards

A check drawn on an account without the funds to pay it, as in He's been handing out rubber checks right and left, but the police have caught up with him. The rubber alludes to the fact that, like rubber, the check "bounces," in this case back from the bank. [Slang; c. 1920]

---