NOT SUFFICIENT FUNDS (NSF)
\nˈɒt səfˈɪʃənt fˈʌndz ˌɛnˌɛsˈɛf], \nˈɒt səfˈɪʃənt fˈʌndz ˌɛnˌɛsˈɛf], \n_ˈɒ_t s_ə_f_ˈɪ_ʃ_ə_n_t f_ˈʌ_n_d_z__ ˌɛ_n_ˌɛ_s_ˈɛ_f]\
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When the amount available in the drawer's account is less than the amount stated on the check, the bank reserves the right to return the check to the depositor. When this occurs, the depositor is expected to pay a penalty to the bank. If this occurs frequently, the bank reserves the rightto unilaterally close the holder's account. It is considered a crime in some locations, to issue a check that will be returned.
By Henry Campbell Black
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dust storm
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