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Finance Dictionary and Glossary of Investment Terms
stop payment
Definition 1.
An order to a bank not to honor the payment of a check after it has been delivered but before it has been cashed.
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Definition 2.
An order given a depository institution not to pay out cash for a check; often used when the check has been stolen or lost.
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Definition 3.
When a bank account holder instructs his or her financial institution not to honor payment.
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