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.

Related Videos




http://www.businessdictionary.com/definition/stop-payment-order.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z