Business Dictionary :
Bought and Bounce

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Bought : past tense of BUY

Bought Ledger = book in which expenditure is noted

Bought Ledger Clerk = office worker who deals with the bought ledger

Bounce : verb : (of a cheque) to be returned to the person who has tried to cash it because there is not enough money in the payer's account to pay it

• He paid for the car with a cheque that bounced.

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