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NSF Check Definition

July 18, 2017

Amanda Cameron

Term Definition
A check becomes an NSF check (non-sufficient funds check) when an account does not have enough money in it to pay the promised amount.

Extended Definition
NSF checks can create additional operating expenses for a business. Because it takes time to follow up with a customer and attempt to collect a payment, small business owners can minimize the risks of accepting NSF checks by instituting preventative routines.

Related Article
What Is an NSF Check?
What Are Non-Sufficient Funds?
Accept Check Payments

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