Check

What Does Check Mean?
A written, dated and signed instrument that contains an unconditional order from the drawer that directs a bank to pay a definite sum of money to a payee.

Investopedia explains Check
In legal terms, a check is a bill of exchange where the drawee is a bank.

Check is spelled as "cheque" in some parts of the world.

Filed Under: Banking, Personal Finance

Related Terms

Bounced Cheque
Cashier's Check
Checking Account
Demand Draft
Electronic Check
Eurocheque
Routing Transit Number - RTN
Rubber Cheque
Share Draft
Traveler's Check
More Related Terms

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