Also called dishonored check or transaction suspension. When a corporation or individual fails to pay a check or bill that it has issued or accepted on the due date and issues a dishonored check, the member banks of the bill clearing house will suspend transactions as a punishment. This is a unique punishment in Japan, as it is not based on any special laws or regulations, but is implemented according to the rules of the bill clearing house. Source: Encyclopaedia Britannica Concise Encyclopedia About Encyclopaedia Britannica Concise Encyclopedia Information |
不渡処分,取引停止処分ともいう。法人や個人が振出し,または引受けた小切手,手形の支払期日に支払義務を果さず不渡を出した場合,処罰として手形交換所加盟銀行が取引を停止すること。この処分は特別な法令などによるものではなく,手形交換所規則の定めによって実施されており,日本独特のものである。
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