Stop Payments: What is the Meaning of Stop Payments?
Stop Payments definition is: Payment suspension is a formal request from a financial institution to cancel a non-performing check or payment. The account holder issues a payment hold which can only be issued if the check or payment has not been processed by the recipient.
- Chargeback is a request to cancel a payment before it can be processed, for example,
- There are many reasons, including human error in canceling goods or services or writing the wrong amount on a check.
- Bank account holders often have to pay a fee for this service in order to withhold payment.
- If the bank cannot find the check or payment, the payment request may be terminated.
Literal Meanings of Stop Payments
Meanings of Stop:
(An event, action or process) ends in failure.
The cause (action, deed or event) disappears.
Block or cover (orifice or leak)
Stop moving or acting.
A set of limb pipes with specific height and reach.
The effective diameter of the lens.
Sentences of Stop
Laughter stops as soon as it starts
This harassment should stop
Trying to close the hole with the heel of the shoe
All closed companies
Synonyms of Stop
plug, fill up, bring to a halt, cease, put an end to, fill, finish, end, be over, bring to an end, draw to a close, close up, block, come to a standstill, close, come to a stop, put a stop to, bring to a stop, block up, standstill, come to an end, terminate, conclude, halt
Meanings of Payments:
The act or process of paying or receiving something or something.
Amount paid or paid.
Sentences of Payments
Ask for a discount if you pay immediately
Synonyms of Payments
remission, clearance, reckoning, discharge, remittance, instalment, liquidation, premium, amount, settlement