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When final payment is written on a check, it means in the debtor's eyes, this is the final payment. Other than that, it is not a legally binding statement and they may still owe money and money can be collected from them.

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Q: What does it mean when Final payment is written on a check?
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Related questions

What does this homophone mean to bring a stop and a payment of money?

The homophone you are referring to is "halt" and "halt." "Halt" means to bring something to a stop, while "hault" refers to payment of money.


Is it possible for someone to stop payment on an official check?

Define what you mean by "official check." If you mean a government check - no. Once it is issued it is payable on demand.


What homonyms mean to bring to a stop or payment of money?

check, cheque


What Does it Mean to Accept a Check by Phone?

Accepting a check by phone is a process where you can receive payment from a check without needing the physical paper check in hand. Instead, the details of the check are given over the phone, which you can then use to process the payment just like a regular check. This method is secure and recognized by many financial institutions.


What is the british English word for chek?

chek is not a word.If you mean Check (a form of payment), the British spelling is Cheque.


What does oao mean when it is written on a government check for a deceased person?

On Account Of


How I can check policy status?

I assume you mean how can I check if the policy is in force, in danger of lapsing, or cancelled for lack of payment. I would simply call your agent and/or the insurance company's customer service.


How i check my policy status?

I assume you mean how can I check if the policy is in force, in danger of lapsing, or cancelled for lack of payment. I would simply call your agent and/or the insurance company's customer service.


How can i check my policy status?

I assume you mean how can I check if the policy is in force, in danger of lapsing, or cancelled for lack of payment. I would simply call your agent and/or the insurance company's customer service.


What doe execution of judgement is stayed until final payment is received mean?

This means that the final judgment cannot be decreed until all financial obligations are met. This can relate to court proceedings, along with personal financial issues and lawsuits.


What does check by post mean?

A banking cheque for payment send by postal services. Means: " I forgot or could send money but I will make and effort to now."


What does check posted mean?

A banking cheque for payment send by postal services. Means: " I forgot or could send money but I will make and effort to now."