stop payment

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Definitions from WordNet

Noun stop payment has 1 sense

stop payment - a depositor's order to a bank to refuse payment on a check
--₁ is a kind of order, purchase order

Definitions from the Web

Stop Payment

Description:

Stop payment refers to a financial instruction given by an account holder to their bank or financial institution to prevent the processing of a specific check or payment. This instruction allows the account holder to prevent the payment from being debited from their account.

Sample Sentences:

As a noun:

1. John issued a stop payment on the check because he suspected fraud.

2. The bank placed a stop payment on the transaction to investigate a possible error.

As a verb:

1. She contacted the bank immediately to stop payment on the lost debit card.

2. The customer requested the merchant to stop payment on the overcharged invoice.

Related Products:

Stop Payment Software on Amazon

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