stop payment order
Definition
Notice by an accountholder to a bank not to honor a specified check drawn on his or her account balance. Banks usually require a written notification following an oral request and, in case of a certified check, may require posting of an indemnity bond.
stop payment order is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
stop payment order appears in the definitions of the following terms: certified check, returned check and unpaid check
This content can be found on the following page:
http://www.businessdictionary.com/definition/stop-payment-order.html
email to a friend print this definition cite this definition