Another name for a dishonoured cheque is?

Assessment: WAEC SSCE - Commerce - 2016 (Objective) Subject: Commerce

Question 1 Report

Another name for a dishonoured cheque is?

Answer Details
A dishonoured cheque is also known as a bounced cheque. This is because when a cheque is dishonoured, it means that the bank has refused to pay the cheque amount to the beneficiary due to insufficient funds in the account of the drawer of the cheque. As a result, the cheque "bounces" back to the beneficiary and is considered invalid.
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