Science Fair Project Encyclopedia
Non sufficient funds
The term "non sufficient funds" (NSF) is used in the banking industry to indicate that a demand for payment (a check) cannot be honored because insufficient funds are available in the account on which the instrument was drawn.
Many banks will charge a fee for cheques which cannot be cashed; this fee is generally passed on to the offending customer.
03-10-2013 05:06:04
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details