Meaning Of The Word Stop payment

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Stop payment Meaning

Stop payment Definition
Stop payment Definition

What's The Definition Of Stop payment?

stop payment in American English
noun: an order by the drawer of a check to his or her bank not to pay a specified check

stop payment in British English
noun: an instruction to a bank by the drawer of a cheque to refuse payment on it

stop payment in Finance
phrase: If a bank stops payment, it cancels payment in progress on a check on the payer's instructions.

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