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15 August, 00:10

A check returned by a banker due to insufficient funds in the account is called a/an:

dishonored check.

outstanding check.

post dated check.

future dated check.

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Answers (1)
  1. 15 August, 02:58
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    The correct answer to the following question is A) Dishonored check.

    Explanation:

    A dishonored check which is also know as returned check (or check with insufficient balance) or bounced check, as it is clear itself from the word itself, a check would be called dishonored when a person writes a check to another person (who would be know as payee) and then payee takes that check to bank and if the account from which check was written has insufficient balance or funds, then bank will return that check to the person who wrote it and charges him or her some fee, and this returned check is called dishonored check.
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