cheque-return

Vocabulary Word

Definition

'Cheque-return' happens when a bank doesn't accept a cheque. This could happen for many reasons like there is not enough money in the person's account who wrote the cheque, the cheque is out of date, or the cheque is not filled in correctly.

Examples in Different Contexts

In customer service, handling a 'cheque return' requires clear communication with the customer to rectify the situation. A customer service representative might advise, 'In the event of a cheque return, please contact us immediately to discuss how we can assist you in correcting the error.'

Practice Scenarios

Tech

Scenario:

The new digital cheque system has been facing some technical glitches. It's causing payment failures.

Response:

We need to fix these glitches before they result in more cheque-returns. Let's prioritize this in our next sprint.

Accounting

Scenario:

There is an imbalance in the company's accounting statements. It's connected to some transactional issues we've met recently.

Response:

Could these transactional issues be related to cheque-returns? We should verify the recent bank statements.