Asked by: Guoying Larrochatravel travel accessories
What do you mean by Cheque?
Last Updated: 27th February, 2020
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Regarding this, what do you mean by Cheque how we use Cheque?
Definition of a Cheque ↓ "Cheque is an instrument in writing containingan unconditional order, addressed to a banker, sign by theperson who has deposited money with the banker, requiring himto pay on demand a certain sum of money only to orto the order of certain person or to the bearer ofinstrument."
Furthermore, why is it called a check? It is speculated that check, meaning restaurantbill, originated from a few potential sources. It is thought tohave evolved from the term check as it is used in chess. Itmay have also derived from another, more literal meaning ofcheck, which is to ensure, or check, for accuracy ona document.
Simply so, what are the types of Cheques?
There are 14 types of cheques as under:
- Order Cheque: A cheque which is payable to a particular personor his order is called an order cheque.
- Bearer Cheque :
- Blank Cheque:
- Counter cheque:
- Stale Cheque:
- Multilated Cheque:
- Post Dated Cheque:
- Open Cheque:
What are the 3 parties to a Cheque?
"A check typically involves three parties, (1) thedrawer who writes the check, (2) the payee, to whose orderthe check is made out, and (3) the drawee or payor bank, the bankwhich has the drawer's checking account from which the check is tobe paid.