Top Definition
When you have money in your bank account, but it can't be used because you are waiting for a bill to post from an automated payment. This usually causes frustration because you want to go on a shopping spree with that money.
I have $1000 in my checking account but I can't use it because my car insurance is due and its $850. Stupid phantom money!
by sabine3212 May 13, 2010

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