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Banking

A negotiable instrument—principally a check—that has been sent to one bank for collection and payment and is returned unpaid by the sending bank.

The Office of the Comptroller of the Currency — Dictionary of Banking Terms and Phrases
Office of the Comptroller of the Currency, U.S. Department of the Treasury — Dictionary of Banking Terms and Phrases retrieved 2014-05-16

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Personal Finance

A negotiable instrument, principally a check that has been sent to a financial institution for collection and payment and is returned unpaid by the sending financial institution.

National Credit Union Administration — Pocket Cents Glossary retrieved 2014-05-16