stop payment order definition
A directive to a company's bank to not honor (pay) a specific check that the company had written. The company making the request will be charged a fee by the bank for this service.
A directive to a company's bank to not honor (pay) a specific check that the company had written. The company making the request will be charged a fee by the bank for this service.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.