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
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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 See all Example Sentences for stop payment 

Word History

First Known Use

circa 1919, in the meaning defined above

Time Traveler
The first known use of stop payment was circa 1919

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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