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 ?
According to federal investigators, Gold made payments with her personal checks.
11) Check verification methods are constantly improving as technology moves toward combining a personal check terminal with the keypad.
Direct Checks sells personal checks, a complete line of business checks, check-related products and accessory products using direct-response marketing and the Internet.
com addresses this need by now offering a special discount on personal checks for customers that use coupon code “save 2” at checkout.
Personal check numbers almost never go above four digits.
The Appellate Division ruled that it is clear from the language of the contract that the parties intended to allow for the payment of the downpayment by uncertified personal check.
Whenever you get any additional identifying information from your applicant (driver's license, social security card, personal check, etc.
Councilwoman Cindy Miscikowski, an EIDC board member, wrote a $500 personal check to return her contribution from the corporation, according to EIDC Vice President Morrie Goldman.
oroff, who repeatedly talked of writing a personal check for up to $2 million for his campaign, never intended to take advantage of public-financing anyway.
Winning bidders will be required to post an additional deposit in the form of a personal check to bring the total deposit to 3% of the total contract price.
While the district said Beard-Williams failed to properly manage foundation funds and records, it did not charge her with misappropriating funds, other than $35 she took in exchange for a personal check and an IOU.
Item 741 was a personal check written by Kennedy to former Yankees great Mickey Mantle for $100.

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