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 classic literature ?
"You have no assurance that we will live up to our agreement other than my word, but you have before you the assurance that we can make short work of you if you do not write out the cheque we demand.
You see, therefore, that you may only save the life of your son by saving your own, and you can only save your own by giving us the cheque we ask."
That they would permit him to live after he had appended his name to the cheque never occurred to him as being within the realms of probability.
Finally the ape-man wrote out his cheque for a larger sum than stood to his credit at the bank.
The Sergeant looked at the cheque, and lifted up his dismal eyebrows in acknowledgment of her ladyship's liberality.
The cheque was written by the little gentleman, and pocketed by Mr.
"Dear Sirs,--"We beg to acknowledge 10 pounds received and to return cheque of
Dubai: Contrary to the popular belief that bounced cheque cases in the UAE can be closed by just paying a fine, officials in the Dubai judiciary told Gulf News it is within the rights of the victims to file civil cases against those who issue such cheques.
Some 4.47mn cheques worth QR272.56bn were processed in Qatar in 2018, QCB data show.
It was also agreed that he could send a couple of cheques - one post dated.
THE Central Bank of Nigeria (CBN) has reminded all Deposit Money Banks (DMBs) that cheques ordered after August 31, 2019 must conform to the new Cheque Standard, known as Nigerian Cheque Standard (NCS).
by Times News Service Crimes involving bounced cheques are on the rise in Oman and are the most common type of fraud at the moment.