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InvestHub.com's
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.
 

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.
 

Definition 3.

When a bank account holder instructs his or her financial institution not to honor payment.
 
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