Dishonoured Cheque definition

Dishonoured Cheque means a cheque not cleared for payment as directed by the issuing bank;
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Dishonoured Cheque means a cheque drawn on any bank or any CCC, which, after its representation to the paying bank or CCC, and provided that at least 15 days have elapsed from its first presentation, remains unpaid due to insufficient funds in the account of the issuer with this bank or CCC, or a cheque drawn on any bank or any CCC which at its first presentation was returned unpaid due to insufficient funds in the account of the issuer with this bank or CCC, and consequently the issuer gave instructions to stop its payment. The term includes cheques in any currency and issued at any time before or on the date they become payable·
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Dishonoured Cheque means a cheque that is not honoured by the bank or financial institution on grounds/circumstances listed in the Bill;
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Examples of Dishonoured Cheque in a sentence

  • The Equity Home Financing -i Facility shall be at all times governed by such rules, regulations and/ or directives (whether or not having the force of law) required of or imposed upon the Bank from time to time and at any time by Ba nk Negara Malaysia or any other authority having jurisdiction over the Bank and shall be subject to the prevailing Dishonoured Cheque Information System (“ DCHEQS ”) guidelines, issued from time to time.

  • The Lessee will pay a Dishonoured Cheque Fee of $35.00 plus applicable taxes for any cheque provided to the Lessor by the Lessee that is not honoured for payment.

  • We normally make the following standard charges to cover the administration of your insurance; New Business - £10.00 ` Mid-term Adjustments - £15.00 Renewals - £10.00 Cancellation – £15.00 plus any commission “clawed-back” by an insurer Duplicate Documents - £15.00 Dishonoured Cheque - £10.00 Premium Payment by Credit Card – 3% of the Premium.