This is where a cheque is written when there are insufficient funds to cover that amount in the bank account. This is normally done when there is expected to be funds in the account when the cheque is cashed.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.