Difference between revisions of "Nonsufficient funds"
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| − | [[Nonsufficient funds]] ([[NSF]]) is notation indicating that a [[check]] has been written on an [[financial account|account]] that lacks sufficient funds to back it up. | + | [[Nonsufficient funds]] (also known by its acronym; hereinafter, [[NSF]]) is notation indicating that a [[check]] has been written on an [[financial account|account]] that lacks sufficient funds to back it up. |
Revision as of 08:31, 20 December 2018
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.
