Another name or term for a dishonoured cheque is ______

Assessment: JAMB UTME - Commerce - 2017 Subject: Commerce

Question 1 Report

Another name or term for a dishonoured cheque is ______
Answer Details
Another name or term for a dishonoured cheque is "a bounced cheque". A cheque is considered bounced when the bank that received the cheque returns it to the depositor (the person who wrote the cheque) because the account the cheque is drawn on does not have enough funds to cover the amount of the cheque. This means that the cheque cannot be paid or honoured by the bank and is returned as "bounced".
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