A stop payment means:

A stop payment means:

• A. Requesting a bank to cancel a check you wrote
• B. Placing a hold on a deposited check
• C. Ordering a duplicate check from the issuer
• D. Reversing a check's payment after it clears

Answer: (A)

A stop payment is a formal instruction you give your bank to not honor a check you issued. You’d use it if the check was lost or stolen, you suspect fraud, or you’ve decided you don’t want that payment to go through. When you place the stop payment, you provide details like the check number, amount, and the payee, and you may be charged a fee. It will usually prevent the bank from paying the check as long as the check hasn’t been presented and paid yet; if the check has already cleared, stopping it isn’t usually possible. This is different from placing a hold on a deposited check, ordering a duplicate check, or reversing a payment after it clears.

A stop payment is a formal instruction you give your bank to not honor a check you issued. You’d use it if the check was lost or stolen, you suspect fraud, or you’ve decided you don’t want that payment to go through. When you place the stop payment, you provide details like the check number, amount, and the payee, and you may be charged a fee. It will usually prevent the bank from paying the check as long as the check hasn’t been presented and paid yet; if the check has already cleared, stopping it isn’t usually possible. This is different from placing a hold on a deposited check, ordering a duplicate check, or reversing a payment after it clears.