Rubber Check
Content
Definition
A Rubber Check colloquially refers to a check that cannot be processed due to insufficient funds, highlighting financial instability or mismanagement.
Usage and Context
A rubber check is a check that cannot be processed due to a lack of funds, indicating possible financial trouble.
Frequently asked questions
- What is the run rate for a startup? The run rate projects a startup’s future performance by extrapolating current revenue or costs over a year.
- What is a check with insufficient funds called? A check with insufficient funds is called a bounced check or an NSF check.
- What happens when a check bounces due to insufficient funds? The bank won’t process the check, which can lead to fees or even legal issues.
Benefits
A rubber check is a check that bounces due to insufficient funds, showing financial instability.
Conclusion
A rubber check indicates financial trouble due to a lack of funds.
