Non_sufficient_funds Non_sufficient_funds

Non sufficient funds - Definition and Overview

Related Words: Adequate, Binding, Cogent, Commensurable, Common, Consistent, Enough, Fair

The term "non sufficient funds" (NSF) is used in the banking industry to indicate that a demand for payment (a check) cannot be honored because insufficient funds are available in the account on which the instrument was drawn.

Many banks will charge a fee for cheques which cannot be cashed; this fee is generally passed on to the offending customer.

Copyright 2009 WordIQ.com - Privacy Policy  :: Terms of Use  :: Contact Us  :: About Us
This article is licensed under the GNU Free Documentation License. It uses material from the this Wikipedia article.