Examlex
What does a government corporation do?
Dishonors
The refusal or inability of a bank to pay a check or draft when presented for payment.
Insufficient Funds
A situation where an account does not have enough money to cover transactions.
Liable
Liable means responsible by law; legally answerable.
Stop Payment
An instruction to a bank not to honor a check or payment previously authorized, often due to disputes or errors in the transaction.
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