Meaning stop payment
What does stop payment mean? Here you find 15 meanings of the word stop payment. You can also add a definition of stop payment yourself

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stop payment


Definition An order to a bank not to honor the payment of a check after it has been delivered but before it has been cashed.
Source: investorwords.com

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stop payment


a depositor's order to a bank to refuse to honor a specified check drawn by him or her
Source: dictionary.findlaw.com

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stop payment


An order not to pay a check that has been issued but not yet cashed. If requested soon enough, the check will not be debited from the payer's account. Most banks charge a fee for this service. Se [..]
Source: helpwithmybank.gov

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stop payment


A service which enables you to request a 'stop' on any cheque or other jump to
Source: banking.pcfinancial.ca (offline)

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stop payment


A notification to a bank that a cheque has been lost or stolen and is not to be honoured.
Source: linkmarketservices.co.nz (offline)

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stop payment


Stop payment is an order issued to a bank by an account owner not to pay a check written on their account. Stop payment orders are primarily governed by state laws and bank regulations, which vary by [..]
Source: definitions.uslegal.com

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stop payment


You can request the bank to not honour (stop) the payment of a written cheque from your account. The stop payment request must be given before the cheque is cashed.
Source: hsbc.ca (offline)

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stop payment


When an account holder issues a verbal or written statement stating they no longer wish to pay a specific check or draft. Once a stop payment is issued, funds cannot be drawn on that check.
Source: 1stmarinerbank.com (offline)

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stop payment


When you ask a bank not to pay a check or payment you have written or authorized. Stop payments are generally placed on lost or stolen checks or on checks related to disputed purchases. Stop payment orders generally expire after 6 months and a fee usually applies.
Source: peoplessouthern.com (offline)

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stop payment


This is when you instruct your financial institution not to honor a check you have written on your account when it is presented for payment. Financial institutions charge a fee for this service.
Source: dcu.org (offline)

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stop payment


A request for the bank not to honor the payment of a check after it has already been delivered but before it has cleared the bank.
Source: i-bankonline.com

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stop payment


A request made to a bank or credit union to not pay a specific check. If requested soon enough, the check will not be debited from the payer’s account. Normally there is a charge for this service.
Source: ourgrovecu.com (offline)

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stop payment


A request made to a bank to not pay a specific check. If requested soon enough, the check will not be debited from the payer's account. Normally there is a charge for this service.
Source: practicalmoneyskills.com

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stop payment


An order not to pay a check that has been issued but not yet cashed. If requested soon enough, the check will not be debited from the payer's account. Most banks charge a fee for this service.
Source: uhcu.org (offline)

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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.
Source: people.duke.edu





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