Search results
People also ask
Where did cheques come from?
What does cheque mean?
What is a cheque & how does it work?
What is a cheque from 1933?
A cheque is a negotiable instrument instructing a financial institution to pay a specific amount of a specific currency from a specified transactional account held in the drawer's name with that institution. Both the drawer and payee may be natural persons or legal entities.
- Traveller's cheque - Wikipedia
A traveller's cheque [a] is a medium of exchange that can be...
- Cheque - Simple English Wikipedia, the free encyclopedia
A cheque (or check) is a paper used to give money from one...
- Traveller's cheque - Wikipedia
May 20, 2024 · Learn the definition, etymology, pronunciation and usage of cheque, a noun meaning a draft directing a bank to pay money to a named person or entity. Compare with check, a variant spelling in US English.
Cheque is the British English spelling for the document used for making a payment, whereas American English uses check. Check also has a number of other uses as a noun (e.g., a check mark, a hit in hockey, etc.) and as a verb ("to inspect," "to limit," etc.).
- Bearer Cheque. A bearer cheque is the one in which the payment is made to the person bearing or carrying the cheque. These cheques are transferable by delivery, that is, if you are carrying the cheque to the bank, you can be issued the payment to.
- Order Cheque. In these cheques, the words ‘or bearer’ is cancelled. Such cheques can only be issued to the person whose name is mentioned on the cheque, and the bank will do its background check to authenticate the cheque bearer’s identity before releasing the payment.
- Crossed Cheque. You may have observed cheques with two sloping parallel lines with the words ‘a/c payee’ written on the top left. That is a crossed cheque.
- Open cheque. An open cheque is basically an uncrossed cheque. This cheque can be encashed at any bank, and the payment can be made to the person bearing the cheque.
CHEQUE meaning: 1. a printed form, used instead of money, to make payments from your bank account: 2. UK spelling…. Learn more.
