Where a customer by a letter has advised the bank directing the banker not to honour/pay a particular cheque such a letter is called
A)A letter of authority
B)Letter of credit
C)Stop payment letter
D)Letter of credit.

Question

Quizplus · Accepted Answer

A "stop payment letter" is a notice from a bank customer instructing the bank not to pay on a specific cheque that the customer has written. This is used to prevent the cheque from being cashed, usually because of disputes, errors, or theft.

Where a Customer by a Letter Has Advised the Bank