Stop Payment
Banking
An order not to pay a check that has been issued but not yet cashed. If requested soon enough, the check will not be debited from the payer's account. Most banks charge a fee for this service.
- — Dictionary of Banking Terms and Phrases
- — Dictionary of Banking Terms and Phrases retrieved 2014-05-16
Personal Finance
An order not to pay a check or share draft that has been issued but not yet cashed. If requested soon enough, the check will not be debited to the payer's account. Most financial institutions charge a fee for this service.
- — Pocket Cents Glossary retrieved 2014-05-16