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DISHONORED CHECKS it is the Goal of the Sherburne Form

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DISHONORED CHECKS it is the Goal of the Sherburne Form

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[Music] in our previous videos we learned about writing checks and that you should never write a check that you don't have money for but what happens if your customer doesn't have enough money and writes you a check in this situation you deposit the check and your bank gives you the money early as a courtesy for you then weeks later when the customer's bank receives the check they choose not to honor the check and send it back to your bank we call that a dishonored check all right that's it this honor this honor on your whole family make a note of this dishonor on you design on your cow although the technical term is a dishonored check because the bank chooses not to accept or honor that check another slang term for a dishonored check is a bounced check because the check bounces back to you instead of being cached sometimes banks will also call these checks nsf checks nsf stands for non-sufficient funds which is the banking term for not enough money in t

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