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 ?
Prosecutors accused the suspect of stealing the chequebook, cooperating with another female suspect in forging the sponsor's signature and issuing 11 cheques worth Dh40,000.
My client did not suspect her husband in the beginning until it was discovered following the bank's reply to the police although the husband had earlier told his wife that he knew nothing about her lost chequebook when she asked him.
I cringe every time someone gets their chequebook out in the supermarket.
In the Heineken Cup this season we are up against a team in Toulon who are prepared to get the chequebook out and buy a Carl Hayman, a George Smith and JonnyWilkinson.
He recalled having signed on a paper while receiving the chequebook and believed it was used to forge his signature.
FEARS were expressed for the financial affairs of Birmingham's old folk as it emerged that chequebooks would be consigned to history within a decade.
There were not a lot of students at the university who had even one chequebook, let alone two.
I tried to get a chequebook from my bank a couple of weeks back and that was really so awful of me.
LIVERPOOL need to take a leaf out of Manchester United's chequebook.
He laughed: "I brought the chequebook but judging by the prices in the papers my chequebook isn't big enough
The dishonest use of a chequebook and department store credit card belonging to an elderly and partially blind resident of a rest-home at which she worked, has resulted in registered nurse (RN) Rosemary Anne Kennedy's name being struck off the register.