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stop payment
noun
: a depositor's order to a bank to refuse to honor a specified check drawn by him or her
Examples of stop payment in a Sentence
Recent Examples on the Web
The representative for eXp said that the company revised its revenue-sharing policies earlier this year and can stop payments to agents whose contracts were terminated.
—Debra Kamin, New York Times, 15 Dec. 2023
That is because under Pennsylvania law the drawer of a check can stop payment on it.
—Peter J Reilly, Forbes, 17 July 2023
Federal agencies also could resist attempts to slow or stop payments, citing a 1974 law that bars the executive branch from substituting its own spending priorities for decisions by Congress.
—Jeff Stein, Rachel Siegel and Tony Romm, Anchorage Daily News, 24 May 2023
Meanwhile, one of the film’s producers is being told to stop payment to a key participant who’s involved in a fraud case.
—Rick Porter, The Hollywood Reporter, 29 Aug. 2022
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Word History
First Known Use
circa 1919, in the meaning defined above
Dictionary Entries Near stop payment
Cite this Entry
“Stop payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/stop%20payment. Accessed 24 Nov. 2024.
Legal Definition
stop payment
noun
: a depositor's order to a bank to refuse to honor a specified check drawn by him or her
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