Definition of No account

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TeachMeFinance.com - explain No account




historic definition...

No account -- When a check is received by the bank upon which it is drawn and the drawer (issuer) has no account with the bank the words "No account" are stamped or written on it and it is rejected.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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