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Postdated Checks
Checks written with a future date, implying they cannot be cashed or deposited until that date arrives.
Insufficient Funds
A situation where one's bank account does not have enough money to cover checks or electronic transfers made against it, potentially resulting in a bounced check or declined transactions.
Drawer's Account
In financial terms, the account belonging to the person who writes a check or draft instructing a bank to pay a designated amount of money.
Honor The Check
The act of a bank or financial institution completing the transaction by paying the amount specified on a check from the payer's account to the payee or holder.
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