Bad Check

Bad Check
A bad check is a check that cannot be processed due to insufficient funds or a closed account, also known as an NSF (Non-Sufficient Funds) check or rubber check.
Rubber Check
A rubber check refers to a check that cannot be processed due to insufficient funds in the account it is drawn from. The term 'rubber' signifies the check's ability to bounce back, similar to a rubber ball, indicating its return to the issuer by the bank.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.