Search Results for: NOT SUFFICIENT FUNDS

banking day

banking day. 1. Banking hours on a day when a bank is open to the public for carrying on substantially all its banking functions. • Typically, if the bookkeeping and loan departments are closed by a certain hour, the remainder of that day is not part of that bank’s banking day. 2. A day on

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bad check

A check that is not honored because the account either contains insufficient funds or does not exist. — Also termed hot check; worthless check; rubber check; bounced check; cold check; bogus check; false check; dry check.

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posting

posting. 1. Accounting. The act of transferring an original entry to a ledger. 2. The act of mailing a letter. 3. A method of substituted service of process by displaying the process in a prominent place (such as the courthouse door) when other forms of service have failed. See SERVICE(1). [Cases: Process 81. C.J.S. Process

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investor

investor. 1. A buyer of a security or other property who seeks to profit from it without exhausting the principal. 2. Broadly, a person who spends money with an expectation of earning a profit. accredited investor. An investor treated under the Securities Act of 1933 as being knowledgeable and sophisticated about financial matters, esp. because

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