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What is dishonor check?

Question Posted / gaurav mathur


What is dishonor check? ..

Answer / sanmilan

If you issue a Cheque to a Second Party and the cheque is
bounced back or not honored by the Bank concerned for any
reasons (insufficient Balances,Over writing, Wrong Date
etc.., ect.. are the possible reasons),such cheque is called
as a 'Dishonored Cheque'

Is This Answer Correct ?    4 Yes 1 No

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