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LSDefine

Simple English definitions for legal terms

A quick definition of no funds:

When you write a check but there isn't enough money in your bank account to cover it, the bank will mark the check with "no funds". This means that the check can't be cashed or deposited because there isn't enough money to pay for it. It's important to make sure you have enough money in your account before writing a check to avoid this situation.

A more thorough explanation:

Definition: An endorsement marked on a check when there are insufficient funds in the account to cover the check. It means that the person who wrote the check does not have enough money in their account to pay for it.

Example: John writes a check for $500 to pay for his rent, but he only has $200 in his account. When the landlord tries to cash the check, it comes back with a "no funds" endorsement because John did not have enough money in his account to cover the check.

This example illustrates how a "no funds" endorsement works. It is a way for banks to inform the recipient of a check that the person who wrote the check does not have enough money in their account to pay for it.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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