stop payment


Also found in: Dictionary, Thesaurus, Legal, Financial, Wikipedia.
Related to stop payment: Stop Payment Order

stop payment

Instruct a bank not to honor a check one has drawn, as in If that check was lost, we'll have to stop payment on it before issuing another. This usage was first recorded in 1722.
See also: payment, stop
References in periodicals archive ?
Would you care to explain why the stop payment request - which should have been honored at the very start of the banking day - was not honored?
A] payor of a check may issue a stop payment order after the check has been written in an attempt to prevent the check from being paid and the funds from being transferred to the payee," Pariente wrote.
In addition, you might also ask the employee whether he was charged any fees from the bank for the stop payment, and offer to reimburse him.
Alternatively, AME argued that any stop payment duty applied only to banks and thus was not applicable to AME as a nonbank garnishee.
We confirmed that all the stop payments were successful,'' McCauley said.
Although Medicare officials state that they are taking steps to more carefully track beneficiary deaths and stop payments, approximately $1.
Submit payment inquiries and stop payments on online bill payments.
The industry also will have to stop using cartoon characters in ads; cease billboard, bus and sports arena advertising; stop payments to promote products in movies; and prohibit youth access to free samples.
Other innovative services -- In-depth customer care solution to enable customer service and sales representatives to easily interact with corporations, and unique self-service functions such as stop payments, eStatements and alerts.
First Community will be implementing the entire suite of Web Cash Manager products, including book transfers, balance activity and reporting, stop payments, ACH processing, wire transfers, positive pay and payroll processing.
Bankruptcy Law, Northwest must determine whether it will resume payments or permanently stop payments during the 60 day period.