stop payment

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stop payment

To prevent a bank check or wire transfer from being honored or processed and having the funds leave an account. The bank stopped payment when they suspected that the signature on the check had been forged. Unfortunately, as the direct debit has already been issued for this month, you'll have to call the bank to stop payment.
See also: payment, stop

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 ?
The same applies in this case, where Natoli stopped payment on her downpayment check.
The court stopped payment of salary to the SHO till next orders and issued him a show cause notice.
According to reports, Deputy Chairman NAB has stopped payment of Rs 76 million to a foreign legal firm to defend the NAB.
ABBOTTABAD -- Communication and Works Department (C and W) Khyber Phaktunkhwa on Friday stopped payment to the contractor of newly constructed Sherwan road, the condition of which started deteriorating soon after its completion.
Well-placed sources told that HBL management stopped payment to pensioners due to delay in payment from the CDG.
Rawalpindi -- Rawalpindi Education Department has stopped payment of hill allowances to more than 1500 teachers of district Rawalpindi.
Thereby, the accused, accumulated huge amount from the public and after paying socalled profit for few months, stopped payment and fled from the scene later on.
Cantonment Board Chaklala has stopped payment of Rs 1200000 under wages head to these lady workers and issued orders to them to approach district health officer.
District administration has stopped payment of pension to 1800 retired employees of district government and Rawal town since the last two months.
The CDA replied in December 2010 that the lessee stopped payment of instalment due to non-provision of services as per contract agreement.
The Nigerian central bank has stopped payments for milk imports into the nation.
In January 2018, the Pennsylvania University wired six payments totalling $123,643.77 (Sh12,364,377) to Raage's bank account before the university was alerted to the fraud and stopped payments.After the bank froze Raage's accounts, he fled to Kenya on September 22, 2018 but was arrested on May 7, 2019, and extradited back to the United States on May 23, 2019, to face prosecution for his involvement in the theft.
But the Senecas stopped payments in 2016, saying they had fulfilled their obligation under the compact and no more revenue sharing was written into the 2016 extension.
GE took the issue to arbitration with the International Chamber of Commerce (ICC) after it said Taipower stopped payments that were due.