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Forged Check
A check that has been altered or created without the permission of the person or entity named as the payee. It is a form of fraud.
More Details
A forged check is a check that has been altered or created in a fraudulent manner. Forging a check can involve changing the amount written on the check, altering the name of the payee, or creating a completely fake check.
Example
You were selling items at a local marketplace and a payer attempted to use a forged check in order to pay for the goods.You contacted the issuing bank to report this check and they started an investigation.
Related Terms
Remittance
A financial transaction in which money is transferred from one person to another, typically to support family members or other loved ones.
Interest Rate
A percentage of a loan or deposit balance that is charged by a lender or financial institution for the use of its money.
Credit Card
A payment card that allows the cardholder to borrow funds from the issuer to pay for purchases or withdraw cash.

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