Nonsufficient funds
Nonsufficient funds (also known by its acronym; hereinafter, NSF) is notation indicating that a check has been written on an account that lacks sufficient funds to back it up.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Nonsufficient funds (NSF). Notation indicating that a check has been written on an account that lacks sufficient funds to back it up.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
