Hello English
Hello English
Posted On : Hindi article 31057

What is cheque bounce

July 13, 2019
Gaurav Jangra
1
A cheque is bounced if the issuer writes a bad cheque - due to technical reasons like mismatch of signature or overwriting, or also when there are insufficient funds in the account as result of it is not processed by the bank. The cheque is then returned unpaid or dishonoured.
0 Upvotes 2 Downvotes August 26, 2021
0
What is cheque bounce
A cheque is bounced if the issuer writes a bad cheque - due to technical reasons like mismatch of signature or overwriting, or also when there are insufficient funds in the account as result of it is not processed by the bank. The cheque is then returned unpaid or dishonoured.

Check out these dictionary words