What is a dishonored check?


A dishonored check is one that is returned unpaid by the banking institution of the issuer due to insufficient funds. This occurs when there is not enough money in the account from which the check was drawn to cover the amount of the check.

A dishonored check is also known as a bad check or a bounced check. In many states, it is a criminal offense for a person to write a check knowing he does not have sufficient funds in his bank account to cover the check. It is up to the receiver of the check to decide whether or not to file a lawsuit against the issuer of dishonored check.

Q&A Related to "What is a dishonored check?"
A Dishonoured Cheque is a Cheque that is not credited by the Bank under numerous of reasons such as: Signature does not match; the account that have the cheque have insufficient funds
The Cheques are of mainly three types; a) Ordinary b) At Par & c) Banker's Cheques a) Ordinary cheques are paid at the local branches of the Bank where it has been deposited b
Crossing a cheque refers to the action where the person issuing the cheque makes two diagonal lines on the top left corner of the cheque. This means that this cheque can be paid only
Another form of paying for goods.
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