Insufficient Funds

Insufficient Funds
Occurs when an account cannot provide adequate funds to satisfy the demand of a payment.

Also referred to as "non-sufficient funds", or "NSF".

Insufficient funds occur when someone tries to purchase an item using a check or debit card without having enough money in his or her bank account. As a result of insufficient funding, the check will bounce or, for debit purchases, the transaction will not be completed and the debit machine will return an error message.

Some banks charge penalties for NSF transactions and, in some circumstances, a number of NSFs on one account can lower the account owner's credit rating.


Investment dictionary. . 2012.

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Look at other dictionaries:

  • insufficient funds — index default Burton s Legal Thesaurus. William C. Burton. 2006 insufficient funds n. The co …   Law dictionary

  • insufficient funds — /ˌɪnsəfɪʃ(ə)nt fʌndz/ noun US same as non sufficient funds …   Dictionary of banking and finance

  • insufficient funds — The want of sufficient funds in a bank account for the payment of a check drawn by the depositor. 11 Am J2d B & N § 763. See overdraft …   Ballentine's law dictionary

  • insufficient funds — inadequate financial resources …   English contemporary dictionary

  • insufficient funds — Bank term meaning that the drawers deposit balance is less than the amount of the check drawn on such account. See bad check …   Black's law dictionary

  • insufficient funds — Bank term meaning that the drawers deposit balance is less than the amount of the check drawn on such account. See bad check …   Black's law dictionary

  • funds — [plural] ► the financial resources that a business, organization, or project has available: raise/provide/generate funds »A new shares issue was launched to raise funds for the acquisition. sufficient/insufficient funds »Experts have criticized… …   Financial and business terms

  • insufficient — I adjective bereft of, defective, deficient, denuded of, destitute of, devoid of, drained, failing, faint, feeble, haud sufficiens, impar, imperfect, in default, inadequate, incapable, incommensurate, incompetent, incomplete, inconsiderable,… …   Law dictionary

  • insufficient — UK US /ˌɪnsəˈfɪʃənt/ adjective ► not enough, or not big or important enough for a particularpurpose: »Their plan may mature with insufficient funds to pay off their mortgages. »This would leave insufficient time to release any new information… …   Financial and business terms

  • funds — n. 1) to raise funds 2) to disburse, pay out funds 3) matching; private; public funds 4) (stamped on a check) insufficient funds (AE; BE has refer to drawer) 5) funds dry up, run out 6) the funds to + inf. (we have enough funds to complete the… …   Combinatory dictionary

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