BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A bounced check is slang for a check that cannot be processed because the account holder has non-sufficient funds (NSF) available for use. Banks return, or “bounce", these checks, also known as rubber checks, rather than honoring them, and banks charge the check writers NSF fees.

Detailed explanation-2: -Dishonored checks are items deposited at a depository bank, but are returned to the State due to non-sufficient funds or other reasons preventing the bank from cashing the items. Depository banks attempt to deposit checks twice before being considered dishonored.

Detailed explanation-3: -Share: The definition of an outstanding check is a check that has been written, but it hasn’t been cashed-deposited by the bank, or otherwise cleared the bank. An outstanding check can be a personal or a business check.

Detailed explanation-4: -The main reason banks refuse to cash checks is due to insufficient funds, but checks can be rejected for other reasons, too, including unreadable or invalid account and routing numbers, improper formatting, a missing or invalid signature, or the elapse of too much time since the printed date.