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Simple English definitions for legal terms
bogus check
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A quick definition of bogus check:
A bogus check is a type of bad check that is not honored by a bank because the account has insufficient funds or does not exist. It is also known as a hot check, worthless check, rubber check, bounced check, cold check, false check, or dry check. A check is a type of draft that is signed by the maker or drawer, drawn on a bank, payable on demand, and unlimited in negotiability. There are different types of checks, such as cashier's check, certified check, personal check, traveler's check, and postdated check. A canceled check is a check that has been paid by the bank on which it was drawn and is often used as evidence of payment.
A more thorough explanation:
Definition: A check that is not honored because the account either contains insufficient funds or does not exist. It is also known as a bad check, hot check, worthless check, rubber check, bounced check, cold check, false check, or dry check.
- John wrote a check for $500, but it bounced because he didn't have enough money in his account. This is an example of a bogus check.
- Susan received a check from a customer, but it turned out to be a fake check. This is another example of a bogus check.
These examples illustrate how a bogus check is a check that is not honored by the bank because of insufficient funds or a non-existent account. It is important to make sure that there is enough money in the account before writing a check to avoid writing a bogus check.