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Depositor's Account
An account maintained at a bank or other financial institution where funds are held in the depositor's name and can include both checking and savings accounts.
Stop-Payment Order
A request made to a bank to cancel a check or payment that has not been processed yet.
Bankruptcy Petition
A formal request filed by an individual or business entity declaring inability to pay outstanding debts, seeking relief through bankruptcy court.
Stale Check
A check that is more than 90 days past the date on its face; banks do not owe a duty to their customers to pay any such checks more than six months past the dates on their face.
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