cheque

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cheque

a BILL OF EXCHANGE drawn on a banker, payable on demand. A cheque operates as a mandate or authority to the drawee's bank to pay the party named as drawer and debit the account of its customer, the drawer. Cheques are essentially negotiable instruments and may be negotiated by indorsement. The Bills of Exchange Act 1882, however, provides that a cheque may be crossed. In this case the cheque should be presented for payment by a bank (rather than the person named as drawee). If accompanied by the words ‘not negotiable’, this has the effect that the cheque cannot be negotiated, and the words ‘account payee’ or ‘account payee only’ mean that the cheque cannot be passed on to another.
References in periodicals archive ?
TWO men forced their way into an elderly woman's home in Grendon and stole cash, a cheque book and cash cards.
Stringer was responsible for running the account, and he kept the cheque book and paying in book.
The cheque books had been posted but never arrived.
Anthony Rutherford, 39, of Woodburn, Leam Lane, Gateshead, ran up the bill in just one day after buying a TSB card and cheque book taken in a robbery.
At least one had been opened and a cheque book had been stolen.
PC Michelle Heisch said the cheque book and card had been in a handbag stolen on July 6 from a laboratory in Coombe Street, Stoke Green.
FRAUD investigators are hunting a man they believe is responsible for a pounds 16,000 cheque book scam.
I have suffered for two weeks trying to get my new cheque book from my bank.
All I'm waiting for now is some film producer with a limitless cheque book to turn my masterpiece into a film and I can retire and write full-time.
ClearCo, which processed cheques for the Bank of Ireland and the Allied Irish Bank group, is blaming a 30 per cent decline in cheque book use for the decision.
A BUNCH of cheque book scammers cheated hard working families out of thousands of pounds in an elaborate hoax.
Yep, if someone could just let me know the going price for skier Alain Baxter's new fundraising calendar I'd be happy to get the cheque book out - purely for the good of the country, of course.