| a check drawn on an account lacking the funds to pay it; a check that bounces. |
| rubber check n. Slang A check returned by a bank because of insufficient funds in the account on which it is drawn. |
rubber (check)
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Rubber Check
Another name for a "bounced check," the check cannot be processed because the writer has insufficient funds.
Investopedia Commentary
Most rubber checks are subject to high bank penalty fees ($20-$40).
See also: Bounced Check, Cashier's Check, Check
rubber check
A check drawn on an account without the funds to pay it, as in He's been handing out rubber checks right and left, but the police have caught up with him. The rubber alludes to the fact that, like rubber, the check "bounces," in this case back from the bank. [Slang; c. 1920]