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单词 stop payment
释义

stop payment


stop payment

n. An order to one's bank not to honor a check one has drawn.

stop payment

n (Banking & Finance) an instruction to a bank by the drawer of a cheque to refuse payment on it

stop′ pay′ment


n. an order by the drawer of a check to his or her bank not to pay a specified check. [1915–20]
Thesaurus
Noun1.stop payment - a depositor's order to a bank to refuse payment on a checkpurchase order, order - a commercial document used to request someone to supply something in return for payment and providing specifications and quantities; "IBM received an order for a hundred computers"
Translations

stop payment


stop payment

To prevent a bank check or wire transfer from being honored or processed and having the funds leave an account. The bank stopped payment when they suspected that the signature on the check had been forged. Unfortunately, as the direct debit has already been issued for this month, you'll have to call the bank to stop payment.See also: payment, stop

stop payment

Instruct a bank not to honor a check one has drawn, as in If that check was lost, we'll have to stop payment on it before issuing another. This usage was first recorded in 1722. See also: payment, stop

Stop payment


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.

stop payment


Related to stop payment: Stop Payment Order
  • noun

Words related to stop payment

noun a depositor's order to a bank to refuse payment on a check

Related Words

  • purchase order
  • order
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更新时间:2024/12/23 10:32:23