check
Definition
Demand draft drawn on a bank against its maker's (drawer's) funds, to pay the stated amount of money to the bearer or named party, on presentment (demand) on a stated date or after. Whereas in the US a check is always a negotiable instrument, in the UK practice (where check is spelled as 'cheque') it can be made non-negotiable by crossing (see crossed check).
check is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
check appears in the definitions of the following terms:
paper money,
not sufficient funds (NSF),
cross-firing,
overdraft protection,
truncation,
bank reconciliation,
cash,
bearer check,
drawdown,
overdraft
and
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