CHEQUE

Cheque

A cheque is a document that orders a payment of money from a bank account. The person writing the cheque, the drawer, usually has a current account or chequing/checking account where their money was previously deposited. The drawer writes the various details including the monetary amount, date, and a payee on the cheque, and signs it, ordering their bank, known as the drawee, to pay that person or company the amount of money stated.

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cheque

Noun

  1. A draft directing a bank to pay money to a named person or entity.
    I was not carrying cash, so I wrote a cheque for the amount.


The above text is a snippet from Wiktionary: cheque
and as such is available under the Creative Commons Attribution/Share-Alike License.

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