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 ?
The paper and the writing on the fake check were different than on a real Tokai Bank check, they said.
The Vendor added $10,000 in air freight charges to its own invoice, assuming that it would be collected by bank check and picked up by the carrier at time of delivery.
In addition, by showing their Brewers Debit Card they will receive a 10% discount at the Brewers Team Store by Majestic, exclusive access to the Associated Bank Check In Gate at Miller Park, and 2-for-1 ticket discounts on select games.
'Noong nagsimula ang 2016 presidential election period, ay nag-issue ng authorization, endorsement ni Ma'am De Lima para ako ay makapag-encash ng kanyang bank check sa kanyang banko sa Metrobank-Dr.
The discount is in addition to the 50% savings customers realize when compared to average bank check prices.
Prospective bidders will be required to provide positive identification and a bank check as a deposit to qualify to bid.
At the end of the season, nine grand prize winners will be selected to receive four exclusive Associated Bank check deck tickets, a parking pass and convenient access to the new Associated Bank check-in gate for the October 4 game between the Milwaukee Brewers and the Chicago Cubs.
Vermug testified that he never received any cent from the proceeds of the contract because after he had endorsed the Land Bank Check, he returned it to Maderazo upon the latter's request only to discover later that it was encashed by municipal treasurer Domingo Vidal from the bank branch in Naval, Biliran.
Prospective bidders are required to bring positive identification and a deposit in the form of a treasurer's, cashier's or certified bank check.