Definition, Meaning & Synonyms

insufficient-funds

phrase

ɪn.səˈfɪʃ.ənt fʌndz

Definition

A situation where a person’s bank account does not contain enough money to cover a withdrawal or transaction.

Examples

If you try to withdraw more money than you have in your account, you will receive an insufficient funds notice.
The check was returned due to insufficient funds in the writer’s account.

Meaning

This term refers to the lack of available money in an account, making it impossible to complete a transaction, such as writing a check or using a debit card.