Banking Term: Dishonour of Cheque

May 28, 2015, 14:29 IST

Find important banking term that is useful in upcoming banking exam.

Banking Term: Dishonour of Cheque

Non-payment of a cheque by the paying banker with a return memo giving reasons for the non-payment. Default Risk: The possibility that a bond issuer will default ie, fail to repay principal and interest in a timely manner.

The bank should pay the amount mentioned on the cheque as soon as it is presented. If the amount of cheque is paid by the bank to the payee, the cheque is said to be honored. If the bank refuses to pay the amount of cheque, then the cheque is said to be dishonored.

Jagran Josh
Jagran Josh

Education Desk

    Your career begins here! At Jagranjosh.com, our vision is to enable the youth to make informed life decisions, and our mission is to create credible and actionable content that answers questions or solves problems for India’s share of Next Billion Users. As India’s leading education and career guidance platform, we connect the dots for students, guiding them through every step of their journey—from excelling in school exams, board exams, and entrance tests to securing competitive jobs and building essential skills for their profession. With our deep expertise in exams and education, along with accurate information, expert insights, and interactive tools, we bridge the gap between education and opportunity, empowering students to confidently achieve their goals.

    ... Read More

    Get here latest School, CBSE and Govt Jobs notification and articles in English and Hindi for Sarkari Naukari, Sarkari Result and Exam Preparation. Empower your learning journey with Jagran Josh App - Your trusted guide for exams, career, and knowledge! Download Now

    Trending

    Latest Education News