1. Without merit
   "the car was a no-good piece of junk"
   - good-for-nothing, good-for-naught, meritless, no-account, no-count, sorry 
2. Returned for lack of funds
   "a no-good check"
   - rubber

See also: bad, worthless

• open up
• open weave
• open-air
• open-air market
• open-air marketplace
• open-and-shut
• open-angle glaucoma
• open-class word
• open-collared
• open-door policy
• open-end credit
• open-end fund
• open-end investment company
• workflow
• workforce
• workhorse
• workhouse
• working
• working agreement
• working capital
• working day
• working dog
• working girl
• working group
• working memory