English, asked by ravinajarad, 10 months ago

what is meat by bounding cheque?​

Answers

Answered by mitrasreekandan
0

Answer:

A bounced check is slang for a check that cannot be processed because the account holder has nonsufficient funds (NSF) available for use. Banks return, or "bounce", these checks, also known as rubber checks, rather than honoring them, and banks charge the check writers NSF fees.

Passing bad checks can be illegal, and the crime can range from a misdemeanor to a felony, depending on the amount and whether the activity involved crossing state lines.

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