banking

What are insufficient funds?

 

What are insufficient funds?

The Bankrate.com financial term of the day is: "Insufficient funds."

"Insufficient funds" often means "embarrassment." It's a phrase used when there's not enough money in an account to cover the payment of a check or draft. The check might be returned, triggering a fee. And you'll have some explaining to do. You might also hear this referred to as "not sufficient funds."

She got a nasty note from her landlord and a hefty charge from her bank when her rent check bounced because of insufficient funds.

To find the best checking account, visit the checking and savings section at Bankrate.com.

 

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