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 ?
MUZAFFARGARH -- Deputy Commissioner Dr Ehtasham Anwar on Friday seized the sugar bags of three mills and also posted officials there while the cane commissioner held surprise visits and took stern action against the mills for stopping payments to farmers.
MSU spokeswoman Emily Guerrant says stopping payments will allow an investigation into the issue.
Ombudsman Punjab, Javed Mahmood, took notice of stopping payments of federal, provincial and district government departments, employees and vendors of Dera Ghazi Khan district since June 09 and ordered Accountant General Punjab and Secretary Finance to submit a report to the office in 24 hours.
Top-level United Airlines executives resigned as fiduciaries for the plans in June 2004 as the airline considered stopping payments into its pension funds in an attempt to exit bankruptcy.
Lichfield District Council will be better off by more than pounds 160,000 a year after stopping payments in 127 cases where people were caught fiddling.
This functionally translates to stopping payments, recouping stolen dollars, and eliminating the fraudster-physicians from future business dealings.