Broken-check definitions
| Word backwards | kcehc-nekorb |
|---|---|
| Part of speech | The part of speech of "broken-check" is a noun. |
| Syllabic division | bro-ken-check |
| Plural | The plural form of "broken-check" is "broken-checks". |
| Total letters | 11 |
| Vogais (2) | o,e |
| Consonants (6) | b,r,k,n,c,h |
What is a Broken Check?
A broken check refers to a situation when a check cannot be processed by a bank due to various reasons. This could happen for several reasons, such as insufficient funds, an invalid signature, a post-dated check, or missing information.
Causes of Broken Checks
One of the most common reasons for a check to be considered broken is insufficient funds in the account to cover the amount written on the check. When a check bounces due to insufficient funds, it is returned to the payee unpaid. Another reason could be a missing or invalid signature, which renders the check invalid.
Post-dated checks, or checks written with a future date, can also lead to a broken check situation. Banks typically will not process post-dated checks until the date written on the check has arrived, causing delays or potential issues for the payee.
Consequences of a Broken Check
For the payer of the broken check, there may be consequences such as fees for bounced checks, potential damage to their credit score, and strained relationships with the payee. The payee, on the other hand, may face inconvenience, time wasted, and potential financial strain if they were relying on the funds from the check.
Recovering from a broken check situation can involve contacting the payer to resolve the issue, requesting a new form of payment, or seeking legal action if necessary. It is essential to address the situation promptly to minimize any negative impacts.
Preventing Broken Checks
To prevent broken checks, payers should ensure they have sufficient funds in their account before writing a check, double-check all information on the check, and avoid post-dating checks unless necessary. Payees can verify funds before accepting a check, ensure all required information is provided, and communicate clearly with the payer to avoid potential issues.
Overall, understanding the causes and consequences of broken checks is essential for both payers and payees to navigate financial transactions smoothly and avoid unnecessary complications.
Broken-check Examples
- The broken-check revealed the imbalance in the accounting records.
- He handed the broken-check to the bank teller for verification.
- She realized her mistake when the broken-check was returned stamped 'insufficient funds'.
- The broken-check caused delays in processing the payment.
- The company issued a broken-check by accident due to a system error.
- The broken-check was a result of incorrect information provided by the client.
- The broken-check was promptly replaced by a valid one.
- Despite the broken-check, the transaction was completed successfully.
- The broken-check was flagged for further investigation by the fraud department.
- An alert was raised when the broken-check was detected by the bank's system.