A check is considered dishonored if it is returned to the holder stamped "insufficient funds."

Name: A check is considered dishonored if it is returned to the holder stamped "insufficient funds."
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A check is considered dishonored when it is returned to the holder because the drawer's account has insufficient funds to cover the amount, often indicated by a stamp or notation such as "insufficient funds."

A Check Is Considered Dishonored If It Is Returned to the Holder