check


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Check

A written order instructing a bank to pay upon its presentation to the person designated in it, or to the person possessing it, a certain sum of money from the account of the person who draws it.

A check must contain the phrase "pay to the order of." A check differs from a draft in that a check is always drawn on a bank, while a draft is an order for payment drawn on anyone, including a bank, a person, or a trading account with a company.

A blank check is one that the drawer signs but omits filling in the space for the name of the payee, the person in whose favor a check is drawn, or neglects to fill in the space for the amount to be paid.

A cashier's check is one that the bank draws on itself and is signed by an authorized bank official. The bank lends its credit to the purchaser of the check in order to facilitate its immediate use in commercial transactions. It is a direct obligation of the bank.

A personal check is one that the individual draws on his or her own account.

A postdated check is one that bears a date after its date of issuance, and is payable on the stated date.

A traveler's check is one purchased from a bank, express company, or other financial institution in various denominations, and is signed immediately by the purchaser in order to establish the form of his or her signature. The check cannot be treated as cash because of this first signature, but it is treated as cash upon the purchaser's second signature when he or she uses it. The genuineness of the second signature is established by comparing it to the initial signature. A traveler's check is similar to a cashier's check of the issuer.

check

n. a draft upon a particular account in a bank, in which the drawer or maker (the person who has the account and signs the check) directs the bank to pay a certain amount to the payee (which may include the drawer, "cash," or someone else.) Other checks include cashier's checks issued by the bank for a sum paid to the bank, and certified checks in which the bank sets aside an amount from the maker's bank account and then guarantees the check can be cashed immediately. (See: cashier's check, certified check, negotiable instrument)

check

(Bar), noun abeyance, arrest, barricade, barrier, block, blockage, cessation, checkmate, control, curb, damper, deadlock, deadstop, delay, detainment, detention, disruption, drawback, embargo, estoppel, foil, frustration, full stop, halt, hindrance, impediment, impedimentum, injunction, interference, interruption, limitation, mora, obstacle, obstruction, opposition, preclusion, proscription, rebuff, regulation, rejection, restraint, restriction, retardation, retardment, standstill, stop, stoppage, stopper, suspension, trammel

check

(Instrument), noun bank paper, banknote, bill, bill of exchange, certificate, commercial instrument, commercial paper, debenture, draft, fiduciary currency, money order, negotiable paper, note, order on a bank, paper money, security, sight draft, treasury note
Associated concepts: acceptance of a check, altered check, bad check, bank check, bearer check, bill of exchange, cashier's check, certified check, check payable on demand, conditional check, conversion of a check, delivery of a check, deposit of a check, dishonored check, drawee, drawer, endorsed check, endorsement, forged check, holder in due course of a check, insufficient funds, order check, pay check, payee, payment of a check, postdated check, presentment of a check, registered check, time check, unauthorized endorsement, worthless check

check

(Inspect), verb audit, balance accounts, canvass, case, check up, examine, experiment, explore, go over, innuire into, inventory, investigate, keep watch, look for flaws, look into, look over, make a reconnaissance, make a trial run, monitor, observe, overhaul, overlook, oversee, peruse, probe, query, question, quiz, reconnoiter, reexamine, regard carefully, regulate, review, run checks on, run tests on, scan, scrutinize, search into, see about, study, subject toscrutiny, superintend, supervise, survey, take stock, test, try, verify, watch

check

(Restrain), verb abate, adjust, arrest, attemper, bate, block, bring to a standstill, call a halt, cause a stoppage, constrain, control, countercheck, curb, cut off, delay, detain, deter, diminish, discourage, dissuade, draw rein, estop, freeze, frustrate, halt, head off, hinder, hold in check, impair, impede, impedite, inhibit, intercept, interrupt, intervene, keep back, keep under control, lay under reetraint, limit, obstruct, overpower, put a restraint upon, put a stop to, put an end to, put under restraint, restrain, restrict, retard, run counter, set back, slow, slow down, stalemate, stand in the way, stem, stop, stultify, suppress, thwart
See also: abandon, abate, abeyance, allay, alleviate, arrest, assuage, audit, avert, balk, ban, barrier, bill, bind, block, care, cease, cloture, collation, concern, condemn, confirm, constrain, constrict, contain, control, countervail, coupon, cross-examine, curb, damper, deadlock, debar, defeat, delay, desist, detain, deter, deterrence, disadvantage, discipline, discontinue, disincentive, disqualify, draft, ensure, examination, examine, experiment, fetter, foil, forbid, forestall, frisk, frustrate, halt, hamper, heed, hinder, hindrance, hold up, impasse, impede, impediment, indagation, inhibit, interdict, interfere, interrupt, interruption, invoice, keep, kill, lessen, limit, lock, mitigate, moderate, modify, mollification, mollify, monitor, note, observation, obstacle, obstruct, obstruction, obviation, occlude, oppose, palliate, peruse, police, preclude, prevent, prohibit, prohibition, quit, quota, rebuff, refrain, regulate, relax, remission, remit, repel, repress, repulse, resist, resistance, restrain, restraint, restrict, restriction, reversal, scrutinize, stall, stave, stay, stifle, stop, strangle, study, suppress, suspend, test, thwart, toll, trammel, trial, verify, withhold, withstand

CHECK, contracts. A written order or request, addressed to a bank or persons carrying on the banking business, and drawn upon them by a party having money in their hands, requesting them to pay on presentment to a person therein named or to bearer, a named sum of money.
     2. It is said that checks are uniformly payable to bearer Chit. on Bills, 411; but that is not so in practice in the United States. they are generally payable to bearer, but sometimes they are payable to order.
     3. Cheeks are negotiable instruments, as bills of exchange; though, strictly speaking, they are due before payment has been demanded, i$n which respect they differ from promissory notes and bills of exchange payable on a particular day. 7 T. R. 430.
     4. The differences between a common check and a bill of exchange, are, First, that a check may be taken after it is overdue, and still the holder is not subject to the equities which may exist between the drawer and the party 'from whom he receives it; in the case of bills of exchange, the holder is subject to such equity. 3 John. Cas. 5, 9; 9 B. & Cr. 388. Secondly, the drawer of a bill of exchange is liable only on the condition that it be presented in due time, and, if it be dishonored, that he has had notice; but such is not the case with a check, no delay will excuse the drawer of it, unless he has suffered some loss or injury on that account, and then only pro tanto. 3 Kent, Com. 104 n. 5th ed.; 8 John. Cas. 2; Story, Prom. Notes, Sec. 492.
     5. There is a kind of check known by the name of memorandum cheeks; these are given in general with an understanding that they are not to be presented at the bank on which they are drawn for payment; and, as between the parties, they have no other effect than an IOU, or common due bill; but third persons who become the holders of them, for a valuable consideration, without notice, have all the rights which the holders of ordinary cheeks can lawfully claim. Story, Prom. Notes, Sec. 499.
     6. Giving a creditor a cheek on a bank does not constitute payment of a debt. 1 Hall, 56, 78; 7 S. & R. 116; 2 Pick. 204; 4 John. 296. See 3 Rand. 481. But a tender was held good when made by a check contained in a letter, requesting a receipt in return, which the plaintiff sent back, demanding a larger sum, without objecting to the nature of the tender. 3 Bouv. Inst. n. 2436.
     7. A cheek delivered by a testator in his lifetime to a person as a gift, and not presented till after his death, was considered as a part of his will, and allowed to be proved as such. 3 Curt. Ecc. R. 650. Vide, generally,4 John. R. 304; 7 John. R. 26; 2 Ves. jr. 111; Yelv. 4, b, note; 7 Serg. & Rawle, 116; 3 John. Cas. 5, 259; 6 Wend. R. 445; 2 N. & M. 251; 1 Blackf. R. 104; 1 Litt. R. 194; 2 Litt. R. 299; 6 Cowen, R. 484; 4 Har. & J. 276; 13 Wend. R. 133; 10 Wend. R. 304; 7 Har. & J. 381; 1 Hall, R. 78; 15 Mass. R. 74; 4 Yerg. R. 210; 9 S. & R. 125; 2 Story, R. 502; 4 Whart. R. 252.

References in classic literature ?
He brought out the check quietly but with a full consciousness that with one gesture he was shoving enough over that scratched and worn walnut counter to buy out half the bank.
Now and again he reached out and added a bundle of checks to the flying miscellany that soared through the roof and out of sight in a tremendous circle.
He recovered the axe in the midst of the Milky Way of checks, starched shirts, and manuscripts, and prepared, when he came down, to kill Joe.
In the case of every species, many different checks, acting at different periods of life, and during different seasons or years, probably come into play; some one check or some few being generally the most potent, but all concurring in determining the average number or even the existence of the species.
Bears on natural selection -- The term used in a wide sense -- Geometrical powers of increase -- Rapid increase of naturalised animals and plants -- Nature of the checks to increase -- Competition universal -- Effects of climate -- Protection from the number of individuals -- Complex relations of all animals and plants throughout nature -- Struggle for life most severe between individuals and varieties of the same species; often severe between species of the same genus -- The relation of organism to organism the most important of all relations.
What checks the natural tendency of each species to increase in number is most obscure.
Climate plays an important part in determining the average numbers of a species, and periodical seasons of extreme cold or drought, I believe to be the most effective of all checks.
Many cases are on record showing how complex and unexpected are the checks and relations between organic beings, which have to struggle together in the same country.
I'll give you a check for THAT pair, but no commission.
Typically, a government check carries a life limitation printed on the front warning that it will become void after a specified number of days.
The Check Clearing for the 21st Century Act, or Check 21, lets banks transmit electronic images of a check rather than wait for the original paper check to make its way through the banking system.