No Funds
Defined in 2 dictionaries — Black's (1910), Black's (1891)
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
See Fund.
A Dictionary of Law
Henry Campbell Black · 1891
This term denotes a lack of assets or money fora specific use. It is the return made by a bank to a cheek drawn upon it by a person who has no deposit to his credit there; also by an executor, trustee, etc., who has no assets for the specific purpose.