GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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38% - Moderately

NSF


Synonyms:bounced, no money, non-sufficient funds
Filed Under: financial-banking
Tags: banking
 

Definition of nsf

nsf
1. NSF means Non-sufficient Funds. Also referred to as a "returned" or "bounced" cheque.

Related Terms and Acronyms:

  • cheque book   A book with blank cheques. The cheques may be personalized or non-personalized.
  • insufficient funds (ISF)   When funds are not enough to satisfy the payment of a cheque or draft made on that account; also known as non-sufficient funds (NSF).
  • nsf cheque   If a cheque is returned for this reason, it means that there was not enough money in your bank account to cover the amount of the cheque. There is a fee to you if this situation occurs.
  • overdraft protection   A service that allows a chequing account to be linked to another savings or line of credit to provide protection against insufficient funds or overdrafts.
  • personalized cheque   A cheque which has your name and account number printed on it.

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