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.
Collins Dictionary of Law © W.J. Stewart, 2006
References in periodicals archive ?
According to federal investigators, Gold made payments with her personal checks. When the checks were returned along with transaction information, she didn't reduce the balance in her checking account, which created an unbalance condition between the records of the credit union and the records of the outside bank.
It states that "only two formats can be used for printing personal checks and one format for commercial checks and these will be provided with a special watermark to ensure their security."
Let's say you write a personal check for $115 to borrow $100 for up to 14 days.
In Miami, Florida, a woman wrote personal checks to pay her bills, then dropped them into a mailbox.
The president should sign a personal check in support of his favored church charities, and encourage the citizenry to follow his example voluntarily.
Authorities said he paid for the beer, and gas for the snowplow, with a personal check. Grand Island police Capt.
Admission to the elite club: a $10,000 personal check made payable to the Democratic Party or $20,000 of other people's money raised on the party's behalf.
You can do this by wire transfer or by mailing a money order or a certified, cashier's or personal check. (Note that personal checks aren't accepted for registration statements.) Keep in mind that delays in the receipt of funds can occur due to bank clearance procedures.
AlAn PArDew has made a personal check on Holland international erik Pieters as he lines-up a replacement for left-back Jose enrique.
WIGAN boss Steve Bruce is trailing Wolves' striker Sylvan Ebanks-Blake after making a personal check on the pounds 5m rated marksman.
REPUBLIC OF IRELAND boss Giovanni Trapattoni is ready to make a personal check on Dundee United star Willo Flood, who is on loan from Cardiff City.
It's Check Up Day, the day when every vehicle receives a personal check up from Engie, Jollop and Dan.

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